> Skip to content
FEATURED:
  • An Update for Readers on Our New Nonprofit Status
Sign In
  • Latest
  • Advice
  • Opinion
  • Webinars
  • Data
  • Grants
  • Magazine
  • Store
    • Featured Products
    • Data
    • Reports
    • Collections
    • Back Issues
    • Webinars
    • Featured Products
    • Data
    • Reports
    • Collections
    • Back Issues
    • Webinars
  • Jobs
    • Find a Job
    • Post a Job
    • Find a Job
    • Post a Job
Sign In
  • Latest
  • Advice
  • Opinion
  • Webinars
  • Data
  • Grants
  • Magazine
  • Store
    • Featured Products
    • Data
    • Reports
    • Collections
    • Back Issues
    • Webinars
    • Featured Products
    • Data
    • Reports
    • Collections
    • Back Issues
    • Webinars
  • Jobs
    • Find a Job
    • Post a Job
    • Find a Job
    • Post a Job
  • Latest
  • Advice
  • Opinion
  • Webinars
  • Data
  • Grants
  • Magazine
  • Store
    • Featured Products
    • Data
    • Reports
    • Collections
    • Back Issues
    • Webinars
    • Featured Products
    • Data
    • Reports
    • Collections
    • Back Issues
    • Webinars
  • Jobs
    • Find a Job
    • Post a Job
    • Find a Job
    • Post a Job
Sign In
ADVERTISEMENT
Government and Regulation
  • Twitter
  • LinkedIn
  • Show more sharing options
Share
  • Twitter
  • LinkedIn
  • Email
  • Facebook
  • Copy Link URLCopied!
  • Print

Bipartisan Bill Would Provide $60 Billion to Nonprofits

By  Dan Parks
March 29, 2020
Legislation introduced by Democrat Seth Moulton of Massachusetts (above) and Republican Brian Fitzpatrick of Pennsylvania would expand the universal deduction and extend it permanently.
PAlex Wong/Getty Images
Legislation introduced by Democrat Seth Moulton of Massachusetts (above) and Republican Brian Fitzpatrick of Pennsylvania would expand the universal deduction and extend it permanently.

A bipartisan group of House lawmakers is backing a bill that would provide $60 billion in assistance to charities along with a wide variety of other benefits for nonprofits.

The legislation, led by Republican Brian Fitzpatrick of Pennsylvania and Democrat Seth Moulton of Massachusetts, would also expand the “universal deduction” created in the stimulus bill cleared by Congress today, which will allow nonitemizers to deduct up to $300 in cash donations to charity for the 2020 tax year only.

The legislation announced today by Fitzpatrick and Moulton would “significantly” raise the cap, according to a news release from Fitzpatrick. The news release didn’t specify how much.

We’re sorry. Something went wrong.

We are unable to fully display the content of this page.

The most likely cause of this is a content blocker on your computer or network. Please make sure your computer, VPN, or network allows javascript and allows content to be delivered from v144.philanthropy.com and chronicle.blueconic.net.

Once javascript and access to those URLs are allowed, please refresh this page. You may then be asked to log in, create an account if you don't already have one, or subscribe.

If you continue to experience issues, contact us at 202-466-1032 or help@chronicle.com

A bipartisan group of House lawmakers is backing a bill that would provide $60 billion in assistance to charities along with a wide variety of other benefits for nonprofits.

The legislation, led by Republican Brian Fitzpatrick of Pennsylvania and Democrat Seth Moulton of Massachusetts, would also expand the “universal deduction” created in the stimulus bill cleared by Congress today, which will allow nonitemizers to deduct up to $300 in cash donations to charity for the 2020 tax year only.

The legislation announced today by Fitzpatrick and Moulton would “significantly” raise the cap, according to a news release from Fitzpatrick. The news release didn’t specify how much.

The bill would make the universal deduction retroactive to the 2019 tax year and extend it permanently.

The bill also would eliminate the cap on the size of nonprofits eligible for Small Business Administration loans. The stimulus bill enacted Friday restricts those loans to nonprofits with 500 or fewer employees.

ADVERTISEMENT

We welcome your thoughts and questions about this article. Please email the editors or submit a letter for publication.
Finance and RevenueFundraising from Individuals
Dan Parks
Dan joined the Chronicle of Philanthropy in 2014. He previously was managing editor of Bloomberg Government. He also worked as a reporter and editor at Congressional Quarterly.
ADVERTISEMENT
ADVERTISEMENT
  • Explore
    • Latest Articles
    • Get Newsletters
    • Advice
    • Webinars
    • Data & Research
    • Magazine
    • Chronicle Store
    • Find a Job
    Explore
    • Latest Articles
    • Get Newsletters
    • Advice
    • Webinars
    • Data & Research
    • Magazine
    • Chronicle Store
    • Find a Job
  • The Chronicle
    • About Us
    • Work at the Chronicle
    • User Agreement
    • Privacy Policy
    • California Privacy Policy
    • Gift-Acceptance Policy
    • Site Map
    • DEI Commitment Statement
    The Chronicle
    • About Us
    • Work at the Chronicle
    • User Agreement
    • Privacy Policy
    • California Privacy Policy
    • Gift-Acceptance Policy
    • Site Map
    • DEI Commitment Statement
  • Customer Assistance
    • Contact Us
    • Advertise With Us
    • Post a Job
    • Reprints & Permissions
    • Do Not Sell My Personal Information
    Customer Assistance
    • Contact Us
    • Advertise With Us
    • Post a Job
    • Reprints & Permissions
    • Do Not Sell My Personal Information
  • Subscribe
    • Individual Subscriptions
    • Organizational Subscriptions
    • Subscription & Account FAQ
    • Manage Newsletters
    • Manage Your Account
    Subscribe
    • Individual Subscriptions
    • Organizational Subscriptions
    • Subscription & Account FAQ
    • Manage Newsletters
    • Manage Your Account
1255 23rd Street, N.W. Washington, D.C. 20037
© 2023 The Chronicle of Philanthropy
  • twitter
  • youtube
  • pinterest
  • facebook
  • linkedin