Efforts to legislate philanthropy should focus on making charitable giving benefits accessible to more Americans—not more complicated and less accessible.
In 2020 and 2021, all taxpayers will be able to take a $300 above-the-line deduction. This is good, but there is room to expand the policy to the benefit of taxpayers and their communities.
The 2020 CARES Act offered average taxpayers a $300 above-the-line charitable deduction. This should be extended permanently, for the sake of the common good.
A course at the University of Notre Dame—made possible by the Philanthropy Lab—gives undergraduates the opportunity to make up to $85,000 in grants to nonprofits. Here’s how the process went.