On January 19, 2021, Catholic Law Professor Roger Colinvaux published an op-ed in The Chronicle of Philanthropy. The piece, ‘We Need to Fix Problematic Charitable Giving Laws. The Biden Administration Can Help.’ provides a roadmap of what steps should be taken to adjust current tax law and move policies in a better direction.
The Chronicle of Philanthropy
By: Roger Colinvaux
Date: January 19, 2021
We Need to Fix Problematic Charitable Giving Laws. The Biden Administration Can Help.
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"The recent exceptional generosity of philanthropists such as MacKenzie Scott deserves our applause. But we shouldn’t let their worthy actions blind us to the bigger problems facing philanthropy today: namely, that the laws promoting charitable giving no longer effectively serve their key purposes.
Here’s why: These laws offer giving incentives to too few donors, unfairly favoring wealthy taxpayers and degrading civil society in the process; they encourage donors to delay their giving, potentially for generations, and they increasingly fail to prevent fraud and abuse in charitable organizations, undermining trust.
Fortunately, all these problems have solutions ripe for pursuit by the incoming Biden administration. Here is a road map of where we are now — and the changes needed to move our tax policies in a better direction."
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Click here to read the full op-ed.