The NonProfit Times - The Leading Business Publication For Nonprofit Management - Weekly: "News Updates
Non-Cash Gifts Targeted For Elimination By Congress
Representatives of nonprofits that rely on non-cash gifts met informally in Washington. D.C., to build a coalition to fight the Senate Finance Committee's assault on the deductions individuals and businesses receive for such gifts to charity.
While advocacy group Independent Sector (IS) has issued an interim report for senators regarding reforms and accountability in the sector, the final report is not expected before June.
Ed Able, chief executive officer of the American Association of Museums, said approximately a dozen organizations met in his group's offices last month because of concerns legislators would not wait for IS's final report. The Association of Fundraising Professionals (AFP) was also a coordinator of the meeting. "
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