Early data shows charitable giving dipped slightly under Trump tax law

Early data shows charitable giving dipped slightly under Trump tax law

Printer-friendly version

But stakeholders in the nonprofit sector expressed concerns, saying that Treasury's data is in line with other studies that have shown that Trump's tax law had a negative effect on charitable giving.

"A reduction in overall dollars is even worse when you factor in inflation. And this was just the first year under the tax law, when many individuals didn’t know how it would affect them yet," said Rick Cohen, chief communications officer and chief operating officer at the National Council of Nonprofits. "We’d expect to see even more of a change for 2019, once people had a chance to file their taxes for the first time." 

Source Name: 
The Hill
Find Your State Association of Nonprofits

Find Your State Association of Nonprofits

Connect with local resources and expertise

Find

Connect With Us

1. Sign up for updates

Stay up-to-date with the latest nonprofit resources and trends by subscribing to our free e-newsletters.

2. Follow us on social media