+New Federal Tax Code Means Angst For Colorado Nonprofits
Lydia McCoy, Vice President of the Colorado Nonprofit Association, says it's no coincidence that there are mailers and calls going out from nonprofits this time of year.
+
+New York Nonprofit Leaders Blast Passage of GOP Tax Plan
“We are incredibly disappointed that Congress or at least the GOP members of Congress did not take into consideration the nonprofit sector, the impact the tax reform would have on charitable giving and – possibly more important – the impact it...
+Oregon nonprofits fear tax bill could hurt donations
Additionally, the Nonprofit Association of Oregon fears a decline in charitable giving could negatively impact the overall economy. Nonprofits employ more than 183,000 people in the state of Oregon, according to the NAO.
+What the GOP tax bill means for California nonprofits
Does that mean fewer Californians will give to charity? California Association of Nonprofits CEO Jan Masaoka says not necessarily.
“The tax component tends to influence the amount, not whether or not you give," Masaoka says.
+Nonprofits fear new tax code will slash donations and donor base
But because it will double the standard deduction to $12,000 for individuals and $24,000 for couples, charities fear taxpayers won't have the incentive to make donations to lower their tax bill.
+Connecticut Nonprofit CEO: Republican Tax Bill Is "Perfect Storm" For Nonprofits
With taxpayers being able to jump on a higher standard deduction, they’ll have less incentive to itemize their deductions. Therefore, they’d be less likely to give to nonprofits.
+GOP tax reform bill could hurt nonprofits if donations drop
Donations represent the largest funding source for nonprofits after fees charged for services and government contracts, said Heather Iliff, president and CEO of Maryland Nonprofits, the sector's statewide trade organization.
+Minnesota nonprofits blast federal tax cut proposals
+How new tax plan could impact local nonprofit organizations
But leaders of local nonprofit organizations fear it could bring less money to their cause. Kentucky Nonprofit Network Executive Director Danielle Clore says the doubling will mean fewer people will itemize.
+The era of partisan nonprofits could soon be upon us
The National Council of Nonprofits has a detailed comparison of the House and Senate bills ...
Pages
