+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.
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+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...
+The ‘What’s-In-It-for-Me’ Tax Bill
According to Tim Delaney, president of the National Council of Nonprofits, Congress’s message to charities is “We don’t care—you’re on your own.”
+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.
+Some nonprofits could see fewer donations under new tax plan
"The National Council of Nonprofits is actually concerned as well and estimating about 5 percent will be the decrease in nonprofit giving for the next year," Howard said.
+Local Nonprofit Worries About Tax Bill Impacts
President Donald Trump is praising passage of the Republican tax reform bill, while charities worry how it will impact their bottom lines.
+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.
+Nonprofits Regroup for Budget Fights Ahead After Stinging Loss on Tax Bill
Tim Delaney, president of the National Council of Nonprofits, says larger lobbying budgets would be great, but it would be for naught if nonprofit leaders fail to make inroads with political leaders.
+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.
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