Fundraising Association Supports Charity Legislation

Share this content:
The Association of Fundraising Professionals is supporting the bipartisan Charity Aid, Recovery and Empowerment Act of 2002.


Several provisions of the congressional bill, known as the CARE Act, would help increase charitable giving, according to Alexandria, VA-based AFP.


Some of these provisions would:


• Provide an enhanced deduction for donations of food and books to charities.


• Allow IRA holders to make charitable contributions from their accounts.


• Reduce the excise tax on foundations from 2 percent to 1 percent.


• Raise the contribution cap for certain corporations and expand incentives for others.


• Create a charitable tax deduction of $400 for individual taxpayers and $800 for couples who do not itemize on their tax returns.


• Modify the unrelated business income tax for charitable remainder trusts.


The bill was introduced by Sens. Joseph Lieberman, D-CT, and Rick Santorum, R-PA, and is supported by President Bush.


Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above