AFP Legislative Alert: Tax Reform Plan

AFP ColorThe Association of Fundraising Professionals is calling on U.S. members and other interested parties to provide comments online about the new GOP Tax Reform Framework that could reduce giving by $13 billion every year. Go to the GOP Tax Reform Survey website and provide your comments on how the tax reform plan will affect your organization.

The GOP Tax Reform Framework, developed by the White House and key Republican Members of Congress, calls for the standard deduction to be doubled. That change would cut the number of taxpayers who itemize from 33 percent to just 5 percent—a loss of 30 million itemizers! Itemizers account for 82 percent of all giving in the U.S.

Research by Independent Sector and the Lilly Family School of Philanthropy estimates that doubling the standard deduction would reduce giving by $13 billion annually. That figure represents a significant decrease—more than 6 percent of all individual giving!

AFP’s Response

To address this issue, AFP is calling for Congress to include the universal charitable deduction in the tax reform plan. A universal charitable deduction would allow all taxpayers, regardless of whether they itemize or not, to take a charitable deduction.

The same research above shows that adding a universal charitable deduction to the increased standard deduction results in overall giving increasing by $5 billion! The powerful effect of the universal charitable deduction is enough to overcome any loss in giving when the standard deduction is doubled.

What You Can Do

Go to the GOP Tax Reform Survey website and provide comments about a) what a loss in charitable giving would mean for your organization and b) the importance of adding the universal charitable deduction.

Please contact the AFP Public Affairs Department at paffairs@afpnet.org for any questions, and thank you for participating in this important public policy initiative.

Since 1960, AFP has inspired global change and supported efforts that generated over $1 trillion. AFP’s nearly 34,000 individual and organizational members raise over $100 billion annually, equivalent to one-third of all charitable giving in North America and millions more around the world. For more information or to join the world’s largest association of fundraising professionals, visit http://www.afpnet.org.

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