Churches and nonprofits worry charitable donations will plummet under new tax law

Churches and nonprofits worry charitable donations will plummet under new tax law

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In the state, Heinen said, nonprofits collect and spend roughly $42.5 billion a year and employ about 10 percent of the workforce. In the Triangle, they include Duke University Medical Center and WakeMed hospitals.

Beyond the changes in the standard deduction, the tax could have additional, indirect effects on nonprofits. To pay for the tax cuts included in the plan, Congress will have to cut spending. Some cuts are expected in programs that provide direct aid to the poor, forcing some recipients to look elsewhere for help. Cuts also are expected to programs that funnel tax money to nonprofits that provide services to the poor, such as housing assistance or health care.

“There is a continuous need for the services that nonprofits provide,” Heinen said, and organizations across the state are worried that there will be more people in need of services, “and fewer resources to provide them.”

Source Name: 
The Charlotte Observer
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