GOP tax reform bill could hurt nonprofits if donations drop

GOP tax reform bill could hurt nonprofits if donations drop

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Donations represent the largest funding source for nonprofits after fees charged for services and government contracts, said Heather Iliff, president and CEO of Maryland Nonprofits, the sector's statewide trade organization. While most giving is not necessarily motivated by the deduction, most economists agree that it leads to larger contributions, she said.

Her group opposes the bills.

“It could have a very significant impact on individuals who benefit from charitable work in their communities, such as food banks, arts organizations, organizations that serve the aging, organizations that serve young people," Iliff said.

Source Name: 
Delmarva Daily Times
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