Happy Anniversary, Charitable Giving
By Thomas Peters Ph.D.
Given the tumultuous times, an upcoming 100th anniversary is unlikely to get much general public notice. But here in the world of philanthropy, we’ll definitely be toasting the occasion.
In just a few months, one of the oldest ‘preferences’ in the U.S. tax code, the “charitable deduction,” will have been in effect for fully 100 years.
As Congress’s earliest public policy statement regarding philanthropy, the charitable deduction has played an influential role over the past century. It certainly deserves a moment of celebration.