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Nonprofits Spurred to Action as They See Fiscal Cliff Threatening Tax Incentive for Charitable Donations

Posted: 
November 28, 2012

The National Council of Nonprofits cites projections that Obama’s proposal could reduce charitable giving to nonprofits by as much as $7 billion a year. Economist Martin Feldstein has written that, on average, a 10 percent cut in the cost of making a donation raises a person’s charitable giving by about 10 percent.