Hmm, somthing is out of tune...

Some good news, as the League and orchestras join the broader nonprofit sector in seeking increased incentives for the charitable giving that supports communities nationwide: Senators James Lankford (R-OK), Chris Coons (D-DE), Mike Lee (R-UT), Jeanne Shaheen (D-NH), Tim Scott (R-SC), and Amy Klobuchar (D-MN) have introduced the bipartisan Universal Giving Pandemic Response Act (S. 4032) (PDF) to expand the current above-the-line deduction for charitable giving made available by the Coronavirus Aid, Relief, and Economic Security (CARES) Act in March.

The 21% Unrelated Business Income Tax (UBIT) on parking and commuting benefits that was created by comprehensive tax reform signed into law in December 2017 has now been retroactively repealed.

Many orchestras have received significant new contributions since the IRA Charitable Rollover provision was made permanent in 2015, allowing individuals age 70-1/2 and older to make direct, tax-free transfers of up to $100,000 per year (up to $200,000 for married couples) from their Individual Retirement Accounts (IRA) to qualified charities.