Tag: taxes and fundraising

The 2017 Tax Law's Impact On Giving: What Economists Don't Get

The 2017 Tax Law’s Impact On Giving: What Economists Don’t Get

Since December 2017, the nonprofit sector has been buzzing with speculation about how the increase in the standard deduction, resulting in a decrease in the number of people who itemize their taxes from 30% of the population down to 10%, will impact charitable giving. The prediction by economists is that people who do not itemize… Read more »

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Potential Impact of the Tax Proposal on the Arts

While we don’t know what will eventually come out of Congress, one thing is for sure: It is better to have a plan and not need it than to arrive at January 1 with no plan for dealing with a new reality that promises to confuse donors and discourage charitable giving to our organizations.