HR 7324 Introduced in House

On July 1, Rep. Mark Walker (R-NC) and Rep. Chris Pappas (D-NH) introduced HR 7324. This is a companion House bill that mirrors the Universal Giving Pandemic Response Act introduced in the Senate on June 21st. Both bills expand the current above-the-line deduction established with the CARES Act for tax years 2019 and 2020  to one-third of the standard deduction.

The introduction of these bills in both the House and Senate with bipartisan support significantly increases the likelihood that the proposed legislation receives serious consideration by Congress.

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Universal Giving Pandemic Response Act

June 25, 2020

On June 21,  Sens. Lankford (R-OK), Coons (D-DE), Lee (R-UT), Shaheen (D-NH), Scott (R-SC), and Klobuchar (D-MN) introduced the Universal Giving Pandemic Response Act, which would expand the current above-the-line deduction made available by the CARES Act.  Specifically, the bill would make available – for tax years 2019 and 2020 – an above-the-line deduction for charitable giving on federal income taxes valued at up to one-third of the standard deduction.  This would significantly increase the allowable charitable deduction for taxpayers who do not itemize and potentially generate billions of new giving for the charitable sector.

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On June 2nd, five United States Senators participated in a national town hall meeting called “ From Common Ground to Congressional Action: Advancing the Universal Charitable Deduction“ with members of the nonprofit sector.

Watch Recording

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.

View Resource Center

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. 

View Full Report

CGP Public Policy Platform

The CGP Board of Directors recently adopted a new 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

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