By Henry Berman, ASF
We are sharing the following letter with members of the Association of Small Foundations today. We welcome your thoughts and opinions in the comments section. As a diverse community of philanthropists, it is important we share our thinking with one another.
Whereas the television has quieted down post-election—the seemingly non-stop advertisements for candidates, ballot questions, and initiatives have ended—conversations about the “fiscal cliff” have, in the same way, started to overwhelm news channels, newspapers, and social media.
For many in the philanthropic sector, the charitable deduction has been the focus of the conversations. Lately I’ve participated in and listened to numerous discussions and debates about the charitable deduction and the pros and cons of it being reduced or capped. Well-informed and well-meaning people make cases for both sides of the argument.
There is an opportunity today at 3PM EST for you to hear from the White House in a Fiscal Cliff Conference Call With Foundation Leaders. Officials from the Domestic Policy Council, National Economic Council, and Office of Public Engagement will discuss the charitable deduction in the context of the debate over how to find a balanced solution to the deficit challenges facing the nation. Continue reading