+In response to the release of Ways and Means Committee Chairman Neal’s tax bill, Tim Delaney, President and CEO of the National Council of Nonprofits, made the following statement:
+David Thompson of the National Council of Nonprofits told Morning Tax that the group was told that the hearing was canceled, but that it was going to try to look at that as good news.
+“We think that we’re really lagging behind when we’re really going to see the impact in 2019,” said Kristen Merrifield, CEO of the Alliance of Arizona Nonprofits, who said some charities in the state are already shrinking their programs or...
+This week, the IRS closed the charitable deduction loophole -- and did so in a way that charities say will have a far-reaching impact.
+Reaction to the IRS’s final regulations on charitable contributions and state and local tax credits is ricocheting from one extreme to another, with the only common ground seeming to be that nearly everyone is grumbling.
+David L. Thompson, vice president of public policy for the National Council of Nonprofits, said that “wherever you are in the country or on the political spectrum, there is something to upset everyone in the IRS rule released today.”
+#NonprofitTaxDay came and went on May 15, with the National Council of Nonprofitsand other advocacy organizations trying to garner attention on the new...
+While the economy is booming, some nonprofits are seeing a downturn in donations — a worrisome trend.
+“We are hearing from a lot of nonprofits that donors are bunching gifts through a donor-advised fund, where they can get the tax benefit while contributing,” says Jim White, executive director of the ...
+However, the increase in giving isn’t all good news. Much of the uptick was concentrated among wealthier donors giving to wealthier institutions.
