America Gives More Act 2015 to renew charitable giving incentives

November 20, 2015

America Gives More Act 2015 to renew charitable giving incentives

Nonprofits are pushing for Congress to make key components of the America Gives More Act permanent in an effort strengthen nonprofits in their communities. In addition to supporting  those charitable, the America Gives More Act simplifies the excise tax private foundations pay, releasing more funds to nonprofit budgets.

Each of the components of the America Gives More Act are necessary to fortify the vital work of community nonprofits. Here is a breakdown of each key component, courtesy of The National Council of Nonprofits:

 
■ The food donation tax deduction provision would raise the cap on giving and allow small businesses donating wholesome excess food to a qualified nonprofit to take the same enhanced tax deduction C corporations have been permitted since 1976.
■ The enhanced tax deduction for conservation easement donations have helped America’s land trusts work with farmers, ranchers, and other modest-income landowners to increase voluntary land conservation by a third, to over a million acres a year when the tax incentive is in effect.
■ The IRA charitable rollover option, which allowed individual taxpayers aged 70½ and older to donate up to $100,000 from their individual retirement accounts (IRAs) directly to charitable nonprofits, has provided needed support for the work of social service programs, religious organizations, arts and cultural institutions, schools, healthcare providers, and other charitable organizations — all of which benefit Americans across the country.

Advocacy organizations have presented a call to action for nonprofits to put pressure on their State representatives and Senators, insisting key components of the America Gives More Act be included and become permanent in any tax bill passed this year. To learn more about the America Gives More Act 2015 and how you can take action, visit www.councilofnonprofits.org

Ready to chat?
Get in touch today to request a no-obligation savings evaluation.

Testimonials

NYCON members who use First Nonprofit’s programs enjoy enduring savings and improved efficiency. Our association knows that success, because from the beginning, we achieved the same great benefits. Great savings, seamless technology, and responsive service. NYCON highly recommends First Nonprofit’s remarkable unemployment solutions.

New York Council of Nonprofits, Albany, NY

It has been our sincere pleasure to maintain a strong, vibrant business partnership with First Nonprofit. We greatly admire their strong industry knowledge, technical expertise, constant professionalism, knowledgeable and dedicated staff. They are always extremely responsive, personable and provide us with the necessary guidance and recommendations on a numerous variety of employment scenarios. We are impressed with the accuracy of their employment decisions, integrity of their employees and efficiency of their claim handling. We greatly respect and value the consistent, impressive cost savings from the utilization of their outstanding services.

 

Thresholds, Chicago, IL

Because INCS advocates for the operating conditions that allow charter public schools to provide high quality public education, partnering with First Nonprofit was an easy decision. First Nonprofit’s unemployment programs provide our member schools two operating elements crucial to their ability to provide high quality public education: savings and budget certainty. Capable, committed teachers are the key to student success. By participating in the unemployment insurance savings plan, charter public schools gain peace of mind and are able to invest more money in their teachers.

Illinois Network of Charter Schools

Throughout our membership in the Unemployment Savings Program, First Nonprofit understood our demands, community dynamics, and the importance of seamless services; that allowed us to serve our constituents better.

Hugh Parry, Retired President of Prevent Blindness America