The rumor is that Congress may adjourn for the holidays sooner rather than later. That means some major issues may be punted until 2024; however, giving is still down and the challenges nonprofits face continue to rise. Please take a few minutes to read the message below to remind Congress that there is a bill ready for their support and urge them to take action when they return in early 2024.
Please tailor the message below to your nonprofit services, challenges and community support, and the difference that can be made if Congress passes the bipartisan Charitable Act (H.R. 3435/S. 566). Louisiana delegation members need to hear from you, your board members, volunteers, and community and business allies this week or early next. Nonprofits are important to all communities, but particularly vital to rural communities where they oftentimes fill in gaps of service where budgets are often limited. Shelly Dupré can provide you with email addresses for key contacts for your Representatives and Senators.
I write to ask that you not leave DC for the holidays before taking action to advance legislation to promote charitable giving tax incentives. As you may know, charitable organizations saw a drop in giving in 2022, the year after the nonitemizer tax deduction expired. Late last month, the results from Giving Tuesday were flat and, alarmingly, the number of donors declined by 10%. These declines in resources for the work of charitable nonprofits come at a time when demand for services continues to rise and when organizations face unprecedented stresses due to natural disasters and other challenges.
The Charitable Act (S.566 / H.R. 3435) would be a direct and immediate solution that would create a non-itemizer, universal charitable deduction. Specifically, the bill would enable taxpayers who take the standard deduction (about 88% of taxpayers) to deduct charitable donations of up to one-third of the standard deduction, or about $4,600 for individuals and $9,200 for married couples based on the current standard deduction.
I am attaching a letter signed by more than 1,000 charitable organizations from all 50 states explaining the need for and impact of this vital legislation.
The needs of the people charitable nonprofits serve and whom you represent are too important to ignore. Before Congress adjourns for the holidays, I ask you to cosponsor the Charitable Act and press for the expanded charitable giving incentive be included in any year-end legislation that goes to the House and Senate floors.
(Your name, title and organization)