WASHINGTON, DC – The Initiative to Accelerate Charitable Giving today issued the following statement on the House introduction of the Accelerating Charitable Efforts (ACE) Act:
“IACG is pleased that policymakers continue to seek a legislative solution to restore the connection between charitable tax benefits and direct contributions to charities. The bill introduced by Representatives Chellie Pingree (D-ME) and Tom Reed (R-NY), and others, is a step toward getting more resources to our nation’s charities faster. It’s a thoughtful and pragmatic approach that takes the policy ideas outlined in the coalition’s statement of principles and puts them into action at a time when charities across our communities need more help than ever.”
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About the Initiative to Accelerate Charitable Giving
The Initiative to Accelerate Charitable Giving (IACG) is a broad coalition of philanthropists, leaders of major foundations, non-profits and others who represent a broad spectrum of interests across philanthropy. IACG is dedicated to promoting common-sense, non-partisan federal policy reforms that close tax loopholes and re-establish charities as the center of charitable giving laws. For more information, visit www.acceleratecharitablegiving.org.