Nonprofits See Hints Tax Law Has Cut Giving

Nonprofits See Hints Tax Law Has Cut Giving

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Nonprofits have seen troubling trends in giving, but it’s hard to pin the blame on the tax law change, said Rick Cohen, COO and spokesman for the National Council of Nonprofits in Washington.

In 2018, overall donations to nonprofits in the United States were up 1.6%, according to the Fundraising Effectiveness Project, sponsored by the Association of Fundraising Professionals and the Center on Nonprofits & Philanthropy at the Urban Institute of Washington. The FEP tracks more than 20,000 organizations. Cohen noted, however, that that 1.6% increase wasn’t adequate to keep pace with inflation.

In addition, the number of total donors fell by 4.5% in 2018, the FEP said in its June 30, quarterly report.

And 2019 is looking worse. Donations are down 7.3% in the first half of this year, the FEP said.

Cohen said that the full impact of the 2017 tax law won’t be known until next year. Most people discovered the effects of the 2017 tax law after they had filed their 2018 taxes in April this year, he said.

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Arkansas Business
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