CGP Day on Capitol Hill

Thursday, October 12, 2017

There is no better way to advocate than holding a face-to face meeting with legislators and their staff. And that is why we are going to the Hill. As representatives of some of the most important and visible organizations in your districts you have the power to educate and influence how charitable giving is perceived by your representatives. These small group meetings make an impact when you educate members of Congress about the importance of charitable giving and how promoting a universal charitable deduction can positively impact their communities and constituents. Learn More

Monthly Advocacy Updates

Get the latest on policy and legislative activities in Congress that are important to charitable gift planning and the nonprofit sector by registering for CGP's monthly advocacy updates. We'll provide updates from 501c Strategies and insights from special guests. Please join us for our next update, open to CGP members, on Monday, October 23, 2017 at 3:00p.m EDT. 

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Johnson Amendment Update

CGP is closely monitoring legislation that would weaken or repeal the so-called “Johnson Amendment,” a critical provision presently in the federal tax code that has protected charitable nonprofits, religious congregations, and foundations from political partisanship for over 50 years.  Specifically, current tax law requires that a 501(c)(3) organization “does not participate in, or intervene in (including the publishing or distributing of statements), any political campaign on behalf of (or in opposition to) any candidate for public office.”  President Trump and some Republican leaders in Congress, however, oppose the Johnson Amendment and have vowed to modify the provision this year. Read More

For further information about the Johnson Amendment, recent articles on the impact of the proposed repeal and an opportunity to sign a letter in support of retaining the Johnson Amendment click here. 

College Endowments Face Possible Payout Regulations

The Republican-controlled Congress will soon be considering a plan that would require a quarter of gifts to the wealthiest colleges be used for middle-class financial aid. Otherwise, the donations wouldn't be fully deductible, and the schools risk their charitable status. Through his tax proposal, U.S. Representative Tom Reed, a Western New York Republican and vice chair of President-elect Donald Trump’s transition team, is taking aim at the richest schools. The plan would apply to the roughly 100 colleges with endowments exceeding $1 billion.  Read More            

Review Plan

Stop S-Corporation Sales Discrimination

S-Corporations are the only entities that owners, partners or shareholders cannot sell to benefit favored charities by using a Charitable Remainder Trust (CRT).  Presently, there are approximately 6 million S-Corporations in America awaiting retirement, hoping for a change in the tax law to allow them to be on the same playing field other types of business entities employ.  Read More            


 

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