Legislative Update

Proposed Law Would Allow Charitable Deduction Without Itemizing

A bill has been introduced in Congress that would allow taxpayers to use the charitable deduction whether or not they itemize on their taxes. The bipartisan bill has been referred to the House Ways and Means Committee.

The bill, H.R. 5771, was introduced in May by lead sponsor Christopher Smith, a Republican from New Jersey. It would make all charitable deductions “above the line,” meaning they apply whether or not a taxpayer itemizes. The bill does not have any cap on the amount of the charitable deduction.

“Americans have been generous patrons of charitable causes, and we want to ensure that everyone has the support they need to continue their generosity to charitable and philanthropic causes,” Smith said in announcing the bill.

You can track the status of the legislation here.



When you make the Golden Gate National Parks Conservancy a beneficiary in your estate plan, your legacy helps make possible:

      Thousands of children and youth in environmental education programs

      New trails, bikeways, overlooks, and visitor centers

      Tens of thousands of volunteers engaging in park stewardship

      Restored habitat for endangered and threatened species

      Hundreds of thousands of native plants revitalizing ecosystems

      An infinitely expanding web of ecological knowledge

      And countless moments of wonder, from young people visiting a national park for the first time.



When you make a planned gift to the Conservancy, you become a member of the Silver Lupine Circle — a community of park lovers who, like you, want these national treasures protected and nurtured for generations to come. You join an extraordinary group of people — hikers and history buffs, beachcombers and triathletes, volunteers and  philanthropists, parents and grandparents, friends and neighbors — who care about these parks as much as you do.

 

Benefits of the Silver Lupine Circle include:

      A gift from the Conservancy

      Acknowledgement in the Conservancy’s annual report and Gateways newsletter

      Invitations to exclusive events and tours

      Regular correspondence sharing an insider’s view on park happenings

      The lifelong satisfaction of knowing your gift will protect wildlife, safeguard our cultural heritage, and enrich lives far into the future



 

We can help you arrange a convenient and tax-efficient way to give long-term support to the parks through your:

      Will

      Charitable trust

      Retirement plan assets

      Life insurance policies

 

To learn more, download our brochure Where Does Forever Begin? (pdf) or contact:

 

Audrey L. Yee, Esq.

Director of Planned Giving:

Phone: (415) 561-3016

ayee@parksconservancy.org