‘Nonprofits need to rally quickly’ to stave off the worst effects of the new tax law

‘Nonprofits need to rally quickly’ to stave off the worst effects of the new tax law

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It’s not that people will stop giving, it’s just that they won’t be incentivized to give as much, Delaney said. And there will be very real consequences from this shortfall.

“Instead of giving $500 to those organizations, you only give $400. You believe in the mission, but you’re not really incentivized to give more,” Delaney said. “With that $100 shortage to the food bank, that means there’s going to be 20 people tonight who don’t eat.”

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“What we believe will happen with that is that more people will turn to organizations in the nonprofit community to receive services when their insurance runs out or they find themselves in dire straits,” Gingerich said. “So the demand for services will go up while yet another source of funding will be reduced because of the fact that fewer people will be able to itemize.”

Source Name: 
Generocity
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