Senator Young’s Advocacy, IPA Member Action Help Secure Philanthropy Win in Tax Bill

As covered by the Associated Press, bipartisan efforts helped remove harmful provisions from the final tax bill that would have penalized foundations and discouraged charitable giving. Senator Todd Young played a key role, citing conversations with Indiana philanthropic leaders—including several IPA members—who voiced how proposed tax hikes would harm communities.

Thanks to your advocacy, Congress preserved a permanent universal charitable deduction, removed the foundation excise tax increase, and protected nonprofit status safeguards. 

IPA will continue monitoring impacts of the corporate giving floor and related provisions.

📖 Read the full AP article