Using the Whole Whale - A Nonprofit Podcast
Business:Non-Profit
"The Charitable Act," a new bill in Congress, was introduced on January 24, 2023, by Senators James Lankford (R-OK) and Chris Coons (D-DE). As reported by The Nonprofit Times explains that the bill would allow anyone who donates to a charity to benefit from both the standard deduction and the charitable deduction. This would be a significant change from the current tax code, which only allows taxpayers who itemize their deductions to claim a charitable deduction.
The bill has the support of a number of nonprofit organizations, including the National Council of Nonprofits and the Charitable Giving Coalition. If the bill is passed, it could lead to increased charitable giving, which would benefit all nonprofits.
The bill is currently being considered by the Senate Finance Committee. If the bill is passed by the Senate, it will then go to the House of Representatives for consideration. The bill has a good chance of passing both chambers of Congress and being signed into law by President Biden.
The passage of "The Charitable Act" would be a major victory for nonprofits and would help them to continue their important work in communities across the country.
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Summary
274: The rise of remote fundraising through the pandemic with atlasGO
273: GivingTuesday up 9% & Clinton Foundation Down 75%
272: How much should nonprofits budget for ads? The Nonprofit Ad Study
271: (news) Beware #GivingTuesday scams & Toy inflation impact
270: #GivingTuesday updates & Donor Trust Report
269: How to adjust Google Ad Grant Campaigns for EOY
268: (news) Inflation hits pantries & $3B prediction for #GivingTuesday
267: (news) Infrastructure $ for Nonprofits & COP26 Pledge Updates
266: What I learned at Whole Whale | Exit Pod interview with Janai
265: (news) Climate on Agenda & Nonprofit Ad Spending Study
264: Using Inclusive Language for writing online | InclusivityTool.com
263: (news) Whistleblower Aid vs Facebook & Amnesty out of Hong Kong
262: Fundamentals of Copywriting for a Cause
261: (news) Volunteers kidnapped & Breast Cancer Fraud
260: What happens when Cryptocurrency meets DAFS? Endaoment
259: (news) Nonprofits Helping Afghan resettlement and Indigenous community Reparations
258: (news) Changes at Change.org and NYC Housing self-dealing
257: (news) Billions Pledged at UN & Crypto Giving Trend
256: (news) Haiti Supply Chain Issues & Omaze lands $85M Funding
255: Planned Giving & The One Thing to Know
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