''Trading Taxes for Donor Dollars'' Benefits Non-Profits; Senate Tax Bill Has Exciting Implications for Charities, Ketchum President Says: "Trading Taxes for Donor Dollars'' Benefits Non-Profits; Senate Tax Bill Has Exciting Implications for Charities, Ketchum President Says
DALLAS--(BUSINESS WIRE)--Dec. 1, 2005--One of the nation's most recognized names in not-for-profit fundraising, Bob Carter, president of Ketchum, Inc., comments on the impact of the Senate tax bill (S. 2020):
'If the bill becomes law, it will profoundly affect the charitable and faith-based communities. Even more important, it will have a tremendous impact on those who need help, from the indigent to Katrina victims.
'The bill's most significant provision is the second part, which allows tax-free donations directly from IRA accounts."
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