The following is an e-mail I received from John Schreiber, President of NJPAC. I think it deserves the attention of everyone who loves the arts:
WE NEED YOUR VOICE:
TELL CONGRESS TO PRESERVE
CHARITABLE DEDUCTIONS
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Dear Friends: If you have been following all of the conversations about the "fiscal cliff" going on in Washington, you may know that the ongoing deductibility of charitable contributions is in jeopardy. As a faithful supporter of NJPAC, you know that just under half of the Arts Center's annual operating budget comes from philanthropic donations. This is a hugely serious issue that will have lasting impact on many of your favorite charities and nonprofit organizations. We urge you to take action as outlined below. The national nonprofit community is working as one to let Congress know that continuing deductibility is critical to the survival of the sector and it all it provides to the quality of our collective lives. We hope you will consider making your voice heard. Tell Congress To Preserve Charitable Donations As Congress debates how to avoid the looming “fiscal cliff,” the deductibility of charitable contributions hangs in the balance. Policymakers are considering a wide range of proposals to reduce the tax incentive for charitable giving—including capping the dollar amount allowable for all itemized tax deductions, or reducing the rate of deductibility—in an effort to generate new federal revenue. Your participation is needed to help Congress understand that limiting the charitable deduction would harm nonprofit services in communities nationwide. We Need Your Voice Please contact your Members of Congress today to urge them to preserve charitable giving incentives as the tax reform debates continue. Tell them how charitable contributions support the unique, essential services your favorite nonprofit organization provides in your community.
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