Tax Change Transforms Charitable Giving Landscape

Tax Change Transforms Charitable Giving Landscape

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“We are hearing from a lot of nonprofits that donors are bunching gifts through a donor-advised fund, where they can get the tax benefit while contributing,” says Jim White, executive director of the Nonprofit Association of Oregon.

The association recently surveyed Oregon nonprofits to understand the impacts of the new tax law on charitable giving. Despite assumptions that the new tax legislation would lower charitable contributions, most survey respondents reported a moderate to large increase in donations in 2018. Although many respondents said donors are setting up donor-advised funds, it is too early to tell whether the funds will result in increased contributions to nonprofits in the future.

Source Name: 
Oregon Business
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