"IT'S NOT A LOOPHOLE - IT'S A LIFELINE"
Brent Christopher testifies before Congress
CFT President, Brent Christopher, testified before the U.S. House of Representatives Committee on Ways and Means on Thursday, February 13.
Christopher testified that the tax deduction might not be the main motivator for donations, but it does affect the size and timing of those gifts.
“It is not a ‘loophole’ that needs to be closed. It is unique in our tax code— an encouragement to act selflessly by spending our money on the public good instead of ourselves,” Christopher said. Discussion of eliminating the charitable deduction is a hot topic in Washington right now.
READ His full testimony news on the Charitable deduction
"We have been working with Communities Foundation of Texas for 15 years, and have been extremely happy. Great service, terrific investment management and knowledge, and they handle our grant requests quickly. It's such an efficient way to give."
Don and Beverly Freeman,
CFT Fundholders