3/27/2013 11:00:00 AM Foundation director goes to D.C. to help address charitable deduction changes
Pictured left to right: Monica Moser, President and CEO, Jackson Community Foundation; Debbie McKeon, Senior VP of Member Services, Council of Michigan Foundations; Congressman Dan Benishek; Bonnie Wenick-Kutz, Trustee, Community Foundation of the Upper Peninsula; and David Jones, Executive Director, Petoskey-Harbor Springs Area Community Foundation. Courtesy photo.
With the Federal charitable tax deduction in jeopardy of being altered or even eliminated, David Jones, executive director of the Petoskey Harbor Springs Area Community Foundation felt this was an important time to participate in the Council on Foundations' annual Foundations on The Hill event in Washington, DC.
Every spring the Council organizes the visit to Capitol Hill for leaders in philanthropy to remind members of Congress about the important role philanthropy plays in every community in the country. As a first time attendee, Jones applied for and received a scholarship from the Council to attend. This year, 274 individuals participated with 26 of them representing Michigan. The Council of Michigan Foundations organizes the large Michigan delegation each year.
"Fiscal cliff, sequestration, budget negotiations, tax reform, there is a lot going on right now on Capitol Hill and if we are not careful the nonprofit sector and philanthropy will get lost in the shuffle", said Jones. "Funding cuts through sequestration will already have a negative impact on many nonprofit budgets. Adding changes to the charitable tax deduction will undoubtedly cause an unintended double wammy by reducing charitable giving at a time when the charitable sector is already being asked to carry the burden during a prolonged recession and recovery", Jones added.
President Obama has proposed a cap of 28 percent on charitable deductions for those who do itemized deductions on their tax returns. "We know the primary reason people give to charity is to make a difference, not receive a tax break." Jones said. "But for larger donors this kind of a cap will provide a disincentive and reduce the amount of giving."
For more information about the Petoskey-Harbor Springs Area Community Foundation, call 231-348-5820 or go to www.phsacf.org.