Non-profit community leaders meet to hammer out proposed tax reforms

The US giving community held a closed door meeting to allow the free flow of ideas among its leaders

Non-profit community leaders meet to hammer out proposed tax reforms

Non-Profits & Charities

By Allie Sanchez

With President Donald J. Trump making moves to change the US tax system, leaders of tax-exempt charitable organizations met in New York City in an effort to arrive at a consensus to propose a regime that would suit their activities.

Ray D. Madoff, Boston College Law School professor and tax law expert, organized the meeting, which had room for 26 participants which includes Brian Gallagher, United Way Worldwide chief executive; Nancy Brown, who heads the American Heart Association; and Susan Dreyfus, president and CEO of the Alliance for Strong Families and Communities.

“Our goal is to provide useful information to non-profit leaders so that they can effectively engage in conversations about tax reform and the non-profit sector,” Madoff said in a NonProfit Times report.

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Among the topics up for discussion in the meeting are donor advised funds, donor intent, excise taxes and asset management and distribution by foundations.

The Trump administration is making proposals to adjust the tax regime ruling the non-profit sector, which many feel will limit their giving capacity, the report added.

“Philanthropy and the charitable sector are the institutional embodiments of society’s highest ideals…It is because of these ideals that the government chooses to subsidize charitable activities through the tax code…” Madoff was quoted as saying in the report.


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