New Congress to Vote on Giving Incentives - Make it Personal!
February 9, 2015
This week, the U.S. House of Representatives will vote on a package of charitable giving provisions, including one that would make the IRA Charitable Rollover permanent. Advocacy is working, bipartisan support is growing, and your stories about the impact of charitable giving in your community will make a difference.
The opportunity to donate tax-free distributions from retirement accounts to charities was unavailable to donors in 2014, right up until the last two weeks of the year, when Congress and the White House agreed to a short-term reinstatement that again expired on December 31, 2014.
Twice in 2014, the U.S. House of Representatives voted in favor of permanently enacting the IRA Charitable Rollover, but the second vote fell short of the two-thirds majority needed to overcome a White House veto threat over how to pay for the package of provisions. With the House poised to vote once again on making the IRA Rollover permanent, your organization has an excellent opportunity to describe what transpired in those last two weeks of 2014 when the IRA Rollover was available to donors. Did your orchestra experience a surge of new contributions? Did donors say they would have made contributions with more time to plan their giving? What untapped potential to increase your orchestra's impact in your community would be met by making the IRA Rollover permanent?
The League's online campaign portal, linked below, provides a sample letter to your member of the U.S. House of Representatives. Please take a few moments to send a message, personalizing it with examples of the impact of charitable giving to your orchestra, in your community. Thank you!