Everyone has a role to play in helping build community, making Utah an even better place to live now and for generations to come. Our role is to help you.
- We are local. Our foundation was created by and for the people of Utah.
- We make giving simple and impactful. We take care of all the investment, legal, administrative, due diligence and tax aspects of philanthropy, so that you can focus on the intent of your giving.
- We engage giving minds: We facilitate partnerships so donors and charities benefit from each other's expertise, not just their contribution.
- We drive innovation. We are leading the effort to create social enterprise in Utah by drawing on our strength as a center of entrepreneurship.
Our mission is to harness Utah's entrepreneurial spirit in service to the common good through smart philanthropy.
Sunday, 02 October 2011 17:54
Potential impact of change in deductions... ouch
President Obama’s fiscal 2012 budget calls for taxing families on money that they gave to charity instead of spending on themselves. Specifically, the proposal would limit the value of itemized charitable deductions at 28 percent for individuals with incomes above $200,000 and joint filers with incomes above $250,000, even though they pay taxes at a rate as high as 35 percent. The president recently included the same proposal in his “American Jobs Act” and his deficit reduction proposal presented to the Joint Select Committee on Deficit Reduction. In addition to the inequity of taxing people on money that they gave away to charity, the proposed cap on the charitable deduction could have devastating effects on charitable giving. Several estimates suggest that what some are calling a “modest” effect on “millionaires and billionaires” could take billions of dollars per year out of the hands of charities and give it to the…
