Changes to Charitable Deduction Remain in Play - (July 27, 2011)
Orchestras rely on private contributions for roughly 40% of the revenue
that enables them to serve their communities. As pressure intensifies on
Congress and the White House to address the debt limit, lawmakers say
everything is on the table. This week, the Gang of Six policy
negotiators announced that unspecified changes to the deductibility of
charitable contributions are potentially in play.
The League is taking a proactive role, in strategic partnerships with the broader nonprofit sector, to defend and strengthen tax incentives for charitable giving. In addition to targeted meetings with lawmakers on Capitol Hill, the League added its name to a nonprofit letter to the White House and a recent letter to Congress , urging policy leaders to support the vital work of the nonprofit sector by preserving tax incentives for contributions. For complete information, see the League’s online tax policy action center.
The League is a member of the Performing Arts Alliance, a coalition of national performing arts service organizations dedicated to advocating for national policies that recognize, enhance, and foster the contributions the performing arts make to America