+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.
+"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.
+President Donald Trump is praising passage of the Republican tax reform bill, while charities worry how it will impact their bottom lines.
+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.
+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.
+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.
+Washington, DC - Tim Delaney, President and CEO of the National Council of Nonprofits, released the following statement in response to the House and Senate passing the Tax Cuts and Jobs Act:
+The new GOP tax bill has many nonprofit organizations around the country on edge.
+The impact of the tax plan extends beyond charitable and foundation giving, according to David Thompson, vice president of public policy for the National...
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