America’s commitment to philanthropy is unique among nations—it is a tangible example of American exceptionalism. Charity is an essential ingredient in our prosperity, happiness, and freedom. But America’s great tradition of voluntary giving may be jeopardized by economic challenges on the horizon. AEI President Arthur Brooks is overseeing a multi-year project which begins with a new research report analyzing the impact of the recent recession on giving and which discusses the optimal policies for encouraging the growth of private philanthropy. This paper is just one component of a broader effort that will include articles, op-eds, research papers, events, and other activities aimed at ensuring America’s culture of philanthropy remains entrenched as an important part of our national heritage.
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The Obamas and the Bidens released their 2012 tax returns on the White House blog today.Now that Biden’s tax returns are coming under public scrutiny, he and Dr. Jill Biden seem to be feeling a bit more charitable than the former, rather uncharitable Senator Joe Biden, whose tax returns probably received little attention, if they were even released at all.
With tax law changes swirling around us every day, nonprofit executives like me lie awake nights wondering how these changes will affect the charitable giving on which we depend.
In the days since the fiscal cliff deal was signed into law, some articles have continued to claim that it limits itemized deductions, including the charitable deduction, and therefore discourages charitable giving. But, it’s all a myth.
Normally, we expect to get thanked when giving a few bucks to a good cause. When it comes to K-12 schooling, though, folks giving away millions have been slammed for their trouble.