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Article: Charities avoid federal estate tax fray; nonprofits fear loss of donations but don't want to alienate patrons by voicing opposition.(Corporate Giving)
- Article from:
- Arkansas Business
- Article date:
- July 3, 2006
- Author:
CopyrightCOPYRIGHT 2006 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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THE DEBATE OVER CHANGING the federal estate tax has put charities in an awkward position. Leaders at many non profits are concerned that further reductions or an outright abolishment will hurt annual giving.
However, charity executives in Arkansas and across the nation are not openly opposing changes proposed on Capitol Hill. The decision to steer clear of the political fray is in deference to patrons who might favor altering the estate tax.
Jo Luck, president and CEO of Little Rock's Heifer International Inc., and others have adopted a cautious "no comment" stance.
Although the estate tax only hits the richest of the rich, charity executives ...
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