Nonprofits prep for potential drop in charitable giving

Nonprofits prep for potential drop in charitable giving

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Nonprofit directors are scratching their heads over provisions in the Republican tax reform package that could lead to a drop in charitable giving. Nonprofit leaders peg the potential losses anywhere from $13 to $20 billion nationwide, based on a report from Giving USA.

“People are just beginning to adjust,” says Jim White, director of the Nonprofit Association of Oregon. “The strategy I would advise nonprofits to pursue is stay calm and really get clear on your messaging.”

The vast majority of gifts, up to 90% for some nonprofits, roll in at the end of the year. (Donors like to shorten the gap between their charitable giving, and filing their tax return). As a result, much of the impact remains to be seen.

Source Name: 
Oregon Business
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