Charitable Deductions Cap May Hurt NonProfits
This is very worrying. We realize the strength of any program is the people implementing changes in their lives because they have been empowered. Yet, external donors always fill the gap and in strategic ways. So, if we begin to see a shrinking economy locally, it will surely shrink globally.
This article points out, "So, if someone were to donate $100,000 to charity, instead of getting a $35,000 tax deduction they are getting a $28,000 tax deduction. There are many folks out there who are worried ... and on top of the economic situation, is really going to affect giving among high-end donors."
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