Taxpayers Face Squeeze on IRA Donations as Tax Extenders Languish

Taxpayers Face Squeeze on IRA Donations as Tax Extenders Languish

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The National Council of Nonprofits, which represents smaller organizations, has “cautious optimism” that Congress will extend the IRA rollover provision in 2014, David Thompson, the group's vice president of public policy, told Bloomberg BNA Sept. 30. Even with an extension through 2015, though, many modest-sized nonprofits would be hard-pressed to organize fundraising campaigns aimed at such donors in that window, he said.

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The length of any extension may shape which charities benefit most, Thompson said. Big organizations can assemble a fundraising campaign quickly, while smaller groups with limited budgets often can't, he said. A two-year extension helps bigger groups the most, he said.

“Permanence helps small nonprofits,” Thompson said.

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Bloomberg BNA
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