By Dan Wooding
Founder of ASSIST Ministries
WASHINGTON, DC (ANS) — The U.S. House Ways and Means Committee is considering comprehensive tax reforms that will directly affect charitable giving – including
“limiting the tax rate against which contributions may be deducted; a dollar cap on total itemized deductions; [and] a floor below which contributions may not be deducted.”
The restrictions could be devastating for charities like SAT-7 (http://sat7usa.org), which broadcasts Christian satellite television to over 15 million viewers in the Middle East and North Africa, as well as our ministry, ASSIST (Aid to Special Saints in Strategic Times) – www.assistnews.net.
On Feb. 14, Ruth Thomas, VP for Finance and Administration at SAT-7 USA, testified at a hearing before the House Ways and Means Committee in Washington, D.C. She discussed the far-reaching importance of charitable deductions, as well as the integrity and efficiency with which non-profits like SAT-7 operate.
“Non-profits have struggled since 2008 because of the Recession. To hamstring the public’s generosity at this point would severely impact the good work of thousands of non-profits to change the law in such a way that limits the ability of non-profits to do good with well-established efficiency and effectiveness will mean that needs will go unmet, or must be addressed by more government spending, with less efficiency,” she told committee members.
Thomas manages the SAT-7 USA office in Easton, Md. She has been with the organization for 10 years. As a non-profit finance officer, Ruth works with the President, Board of Directors and International CFO to maintain a high level of transparency and accountability to SAT-7’s donor base. She ensures that the internal workings of accounting, marketing and development operations at SAT-7 are functioning properly.
SAT-7 has achieved a 4-star rating with Charity Navigator© for the past three years, has had BBB© accreditation since 2011, and is a member in good standing with ECFA® since 1999.
“Please join us in praying for the wisdom and discernment of the House Ways and Means Committee members, as they consider possible reforms for charitable giving tax laws,” said a spokesperson for SAT-7 USA.
To read more about the hearing, please go to: http://waysandmeans.house.gov/news/documentsingle.aspx?DocumentID=318995