WASHINGTON, DC – The Initiative to Accelerate Charitable Giving today issued the following statement on the introduction of the Accelerating Charitable Efforts (ACE) Act by Senator Angus King (I-Maine) and Senator Chuck Grassley (R-Iowa):
“The Initiative to Accelerate Charitable Giving is pleased that policymakers are proposing bipartisan legislation to reform our charitable giving laws by restoring the connection between charitable tax benefits and benefits to charities. The bill introduced by Senator Angus King and Senator Chuck Grassley reflects the policy ideas outlined in the Initiative to Accelerate Charitable Giving’s statement of principles and puts them into action in a pragmatic and thoughtful way that will produce a result all Members of Congress can agree with: getting more money to our nation’s charities faster.”
About the Initiative to Accelerate Charitable Giving
The Initiative to Accelerate Charitable Giving (IACG) is a broad coalition of philanthropists, leaders of major foundations, charities and 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.