Tax Issues Relating to Charitable Contributions and Organizations. CRS Report for Congress

摘要

The value of tax benefits for charitable contributions and organizations is estimated to be around $100 billion per year. About half of this cost arises from the deductions for charitable contributions, and about half from exemptions of earnings of non-profits. While revisions to the treatment of charitable contributions and tax-exempt organizations that receive contributions have been made in the past few years, several issues may be considered in future legislation. Of most immediate concern are the provisions that, as a part of the extenders, expired at the end of 2007 and may be considered for extension. Other issues that may arise reflect concerns about donor advised funds and supporting organizations (now under study at the Treasury Department), nonprofit hospitals provision of charity care, and educational institutions use of growing endowments.