While the Independent Sector, a nonprofit trade association in Washington, has proposed increasing tax deductions for donations to nonprofits, the Obama budget calls for limiting such deductions for the most wealthy.
Diana Aviv, chief executive of the organization, has been making the rounds on Capitol Hill and at the White House, pushing ideas that would buoy nonprofits, including a bridge-loan fund to help strapped charities and eliminating the excise tax that foundations pay on their investment income so they will have more money to give away.
Charities Say Government Is Ignoring Them in Crisis
While the Independent Sector, a nonprofit trade association in Washington, has proposed increasing tax deductions for donations to nonprofits, the Obama budget calls for limiting such deductions for the most wealthy.
Diana Aviv, chief executive of the organization, has been making the rounds on Capitol Hill and at the White House, pushing ideas that would buoy nonprofits, including a bridge-loan fund to help strapped charities and eliminating the excise tax that foundations pay on their investment income so they will have more money to give away.