Black Belt Community Foundation joins national charity coalition

Black Belt Community Foundation (BBCF) was among six other organizations to join Initiative to Accelerate Charitable Giving (IACG), a national charity coalition. 

“Here in the Black Belt of Alabama, we firmly believe that our rural communities know what is best for them when it comes to creating sustainably productive and lasting change," said BBCF President Felecia Lucky in a press release.

"At the core of creating greater, more accountable, equity-driven charitable giving is relationship building and understanding local community needs."

"We are extremely excited and grateful to become a member of the Initiative to Accelerate Charitable Giving and work together to empower local charities with resources that help them tackle the ever-increasing challenges in their communities.”

IACG proposes several reforms regarding charities and taxes. These are: 

• For private foundations, close loopholes to better ensure that distributions qualifying for the payout requirement are available for use by working charities; and incentivize greater payout through reforms to the excise tax.
• For donor-advised funds (DAFs), adopt measures to make sure that DAF accounts are distributed to working charities within a reasonable period of time.
• For individuals, incentivize greater giving by expanding and extending the new non-itemizer charitable deduction in a cost-effective way.

The other organizations to join are: California Association of Nonprofits, California Wellness Foundation, Community Foundation of Greater Dubuque, Foundation for Appalachian Kentucky, GiveDirectly, and Homeboy Industries.