Six leading Massachusetts nonprofits, representing hundreds more, are spearheading a coordinated lobbying effort aimed at convincing elected officials in Washington to oppose the cap on tax deductions for charitable giving by wealthy donors that President Obama has proposed.
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In addition, the Massachusetts Nonprofit Network (MNN), the state’s nonprofit trade association, and the Providers’ Council, a statewide association of health and human service agencies, as of this morning have enlisted 226 Massachusetts nonprofits to petition elected officials to preserve the charitable giving incentive.
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In a statement to its members, MNN said, “The charitable tax deduction is a critical tool for nonprofits across Massachusetts and the country that enables them to raise the funds needed to advance their missions. Unfortunately, federal officials are considering eliminating or reducing this important giving incentive as part of a package to reduce our nation’s deficit.”