Increasing Philanthropy through Policies and Practice
In the midst of recent attention to ways in which the charitable deduction might be pared, worries loom about how giving might decline. The Urban Institute’s Tax Policy and Charities project examined the flip side of the issue, explored ways that existing incentives, along with new platforms and better practices, can be leveraged to encourage philanthropy. Researchers, policymakers, and philanthropic and nonprofit leaders discussed how tax policy tools might increase charitable giving. Topics included the proposal to extend the giving deadline for the charitable deduction to April 15 (as with individual retirement accounts), whether expanded use of donor-advised funds has encouraged greater giving, how new platforms for giving provide new opportunities, and nonprofit organizations’ efforts to improve their fundraising effectiveness.