CGP/ACGA Joint Statement on Biden Administration’s FY 2022 Budget Request to Congress

Earlier this summer, the White House released details of its fiscal year 2022 budget request to Congress.  This budget includes, among many other provisions, changes that would increase taxes on certain individuals.  One such provision would have a significant impact on charitable giving, effectively eliminating the benefits of split-interest gifts for taxpayers, potentially resulting in the loss of hundreds of millions of dollars, if not more, to our nation’s charities.

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National Coalition Advocates for the IRA Legacy Act

Spearheaded by the American Heart Association a coalition of more than 50 leading national nonprofit organizations are advocating for the passing of the Legacy IRA Act. With bipartisan support in both the House and Senate, efforts are underway to have the bill included in the "Securing a Strong Retirement Act of 2021."

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Charitable Beneficiary IRA Distribution Resource Center

In a recent CGP survey 43% of organizations stated they experienced difficulty in collecting beneficiary proceeds from one or more IRA administrators. This is a matter of great concern to nonprofit organizations across the country. Many individuals and organizations are working to improve the timely distribution of beneficiary proceeds from financial institutions. Through awareness, advocacy and the collection of valuable information to assist organizations, they have created a number of resources to expedite distributions and promote change in institutional policy. The goal of the center is to organize the results of their efforts in one location to benefit the entire nonprofit sector.

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Reforming the Charitable Deduction Report

November 3, 2019

The Joint Economic Committee of the United State Congress has released a new report; Reforming the Charitable Deduction. This is an important bipartisan report on charitable giving that includes analysis on trends in U.S. charitable giving, an insightful overview of the charitable deduction and most importantly possible reforms to make the charitable deduction more equitable to all taxpayers. 

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CGP Public Policy Platform

The CGP Board of Directors has a Public Policy Platform that serves to guide CGP advocacy activities in support of the charitable giving community and the broader nonprofit sector.

CGP's Platform