Enlisting one million arts advocates to mobilize support for the arts and arts education Join for Free!

Action Center


Take Two Minutes To Support Charitable Giving
On December 22, 2017, President Trump signed into law the largest tax reform bill in three decades. Unfortunately, the law (P.L 115-97) will have a very negative impact on charitable giving.

Contact your member of Congress to convey your ongoing concerns with the final law. Despite the overhaul effort, Congress is likely to review various adjustments to the tax law in 2018 and beyond.

Included in the new tax law, which took effect on January 1, 2018, were significant changes to incentives for individuals to make tax-deductible charitable donations to nonprofit 501(c)(3) organizations.

The latest analysis by the nonpartisan Tax Policy Center estimates that charities, including nonprofit arts organizations, could see a staggering loss of up to $24 billion annually. The resulting loss in charitable giving will cause significant consequences for the health of America's nonprofit organizations and the communities we serve.

Take two minutes now to contact your member of Congress. Tell them how the bill will impact you, and call on Congress to fix problems in the bill. Ask your representatives to preserve incentives for charitable giving by protecting the full scope and value of the tax deduction for all forms of charitable gifts, and ensure that changes made under tax reform will encourage more giving by more Americans. Ask for support for the Universal Charitable Giving Act (S. 2123/H.R. 3988).

Although the tax bill would have a very negative impact on charitable giving, some proposed provisions would do greater harm to the arts and the nonprofit sector than others. Fortunately, some of the worst of these proposals were improved in the final bill. Here is a chart tracking these differences:
 
U.S. House Proposal U.S. Senate Proposal Final Bill
Universal Charitable Deduction provision not included No such provision No such provision
Eliminates the performing artists' business deduction No such elimination Elimination
Eliminates the $250 deduction for teacher supplies and instructional materials Doubles the same provision to $500 No change to current law. The current $250 deduction is maintained.
Reduces estate and gift taxes by doubling the exemption and then ultimately fully repealing the estate tax (historically a generator of major charitable gifts) Reduces estate tax by doubling the exemption Reduces estate tax by doubling the exemption
Repeals the "Johnson Amendment" prohibition on tax-exempt organizations' support for political campaigns, without causing them to lose tax-exempt status No such elimination No such elimination
Repeals lifetime education credits, tax deduction for interest on student loans, and tuition waivers from income for graduate and PhD students No such elimination No such elimination
Repeals income tax exemption for private activity bonds, often used to finance cultural infrastructure projects, like museums No such elimination No such elimination
No such elimination Removal of artists' housing from the list of "qualified groups" who can benefit from federally subsidized low-income housing No such elimination
 
To get the latest on the impact of current tax proposals to double the standard deduction for individual taxpayers and Americans for the Arts "Statement on Tax Reform and the Charitable Contribution Deduction," please visit the Arts Mobilization Center.     

Thank you for helping to #ProtectGiving.
 
    Subject
    Message Body
    Remaining: 0
    Tweet
    Remaining: 0
    Suggested Message
    Post
    Remaining: 0
  • Hide
    • Please call this number:

      Your code has been sent!

      Please do not close this window. Minimize the window instead. You will need to come back to this window to enter your code.

      We have sent an email to ... with a verification code. If you do not see it within the next five minutes, please check your spam/junk mail folder.


      If you did not receive your verification email, click cancel and check that you entered your email address correctly.

      Enter Your Info
      Your Information
      Describe your arts/cultural affiliation:
      *
      Yes! I want to play my part and also become a free member of the Arts Action Fund
      *
      Home Information
      Organization Information

      Enter Your Info