Charities brace for fallout from tax law

Charities brace for fallout from tax law

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Sheila Bravo, president and chief executive officer of the Delaware Alliance for Nonprofit Advancement, said it may take her organization two or three years until it can get a sense of the implications from tax law changes.

“The way in which we as an industry capture the data for charitable giving was by looking at IRS tax forms,” she said. “So if people are not now itemizing, there’s no way to really use that methodology to calculate charitable giving.”

Bravo said their best plan currently to get a read on this is to issue a survey to their members before the end of this year, asking nonprofits if they’ve seen a decline in individual donations.

Source Name: 
Dover Post

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