''Trading Taxes for Donor Dollars'' Benefits Non-Profits; Senate Tax Bill Has Exciting Implications for Charities, Ketchum President Says

Business Wire, Dec 1, 2005

DALLAS -- 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.

"September 11, Katrina and the tsunami were all watershed events where people demonstrated they want to care for those in their own communities. Some legislators and their constituents have gotten the message. They've seen how people can respond given the opportunity. Legislators are seeing the wisdom of allowing the private sector to have more flexibility.

"Healthcare and education in America will benefit because institutions will have more dollars at their disposal.

"Trading taxes for donor dollars can be significant. This is pretty exciting stuff."

For more information, http://dx.doi.org10.2121/KETCHUM-(capital-fundraising-viscern)-press- release.2 (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)