+“There are so many nonprofits that need a lot of help right now and need different types of help,” said David Heinen, Vice President for Public Policy and Advocacy for the North Carolina Center for Nonprofits.
+About 75 percent of nonprofit organizations started to face revenue challenges in March, only weeks into the COVID-19 outbreak, according to a survey of members conducted by the North Carolina Center for Nonprofits (NCCN).
+Nonprofits of all sizes and specialties are hurting, said David Heinen, vice president for public policy and advocacy for the North Carolina Center for Nonprofits.
+Among the law’s biggest changes, explains David Heinen of the North Carolina Center for Nonprofits, was almost doubling the standard income tax deduction.
+Changes to federal tax law that took effect in 2018 removed at least part of that incentive, and local nonprofits are starting to feel the strain.
+According to Jeanne Tedrow, President and CEO of the North Carolina Center for Nonprofits, most of the companies in the Triangle help serve the community in one way or another.
+“If you care enough to invest your money in an organization, then investing your voice can magnify that impact with policymakers,” says David Heinen, vice president for public policy and advocacy with the North Carolina Center for Nonprofits.
+In the state, Heinen said, nonprofits collect and spend roughly $42.5 billion a year and employ about 10 percent of the workforce. In the Triangle, they include Duke University Medical Center and WakeMed hospitals.
+Estimates of the expected national decline in giving attributable to tax law changes like those just approved typically range from 2 to 5 percent, said David Heinen, vice president for public policy and advocacy at the North Carolina Center for...
+“The universal deduction is really an essential part of tax reform,” said David Heinen, the vice president for public policy and advocacy for the North Carolina Center for Nonprofits.
