In Post-Katrina World, Charities Need Help, Not Additional Regulation, Reform & Red Tape: Financial News - Yahoo! Finance

PRESS RELEASE FROM AFP

In Post-Katrina World, Charities Need Help, Not Additional Regulation, Reform & Red Tape: Financial News - Yahoo! Finance: "Press Release Source: Association of Fundraising Professionals

In Post-Katrina World, Charities Need Help, Not Additional Regulation, Reform & Red Tape
Tuesday September 13, 5:20 pm ET

ALEXANDRIA, Va., Sept. 13 /PRNewswire/ -- In the wake of Hurricane Katrina, the Association of Fundraising Professionals (AFP) called on Congress today to create additional tax incentives that could increase charitable giving by billions of dollars.

AFP President and CEO Paulette V. Maehara, CFRE, CAE, urged Congress to pass tax measures to encourage charitable giving, such as those included in the Hurricane Katrina tax relief package recently outlined by Finance Committee Chair Charles Grassley (R-Iowa). The package includes tax incentives to encourage more gifts of food and books. It also allows donors to contribute money from their Individual Retirement Accounts (IRAs) or other qualified retirement programs"