Nonprofit Leaders Speak Up to Stop Charitable Deduction Changes

NYCON has added it's voice to those of other nonprofit leaders taking a stand against the proposed change to charitable deducations for high income individuals in New York State.

The proposal would result in a 50% decrease in the deductibility of charitable gifts from higher income donors. Already, earners of $1 million or more can only claim 50% of their contribution as a deduction. This proposal would allow donors earning $10 million or more to claim just 25% of their contribution. NYCON is also concerned that this may potentially be the start of eroding charitable deductions in general.

We are urging our members to learn more about this proposal by reading the following articles by the New York Nonprofit Press, The Daily News, and the Chronicle of Philanthropy.

Then, please join us in adding your voice to the memo of opposition by contacting us via email or calling Doug Sauer, CEO at (800) 515-5012 ext. 103.

Contact NYCON and sign onto the Memo of Opposition.
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