With the recent news that Congress has passed significant changes to all of our tax laws, we wanted to share with you some timely articles, opinions and resources about how to deal with the aftermath of the new nonprofit tax bill.
2018. Time to Stop Giving Donors Tax Advice. – “Philanthropic prognosticators claim that the new tax bill will cost our non-profits Many Billions of gifts, which assumes that a tax deduction is a meaningful incentive to charitable giving, when study after study have proven that it is not.”
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The new tax bill’s aftermath doesn’t need to be the end of your nonprofit– “There are dire warnings in the United States press about the huge drop in charitable giving coming in 2018. While fiscal responsibility is a great thing, the warnings are overreaching. Especially about nonprofits losing billions of dollars.”
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New Tax Law Further Underscores the Importance of Donor Relationship Building – “The new tax law will cause major debate among individuals affiliated with philanthropy processes, but strong donor relationship building can help.”
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How Nonprofits Should React to the New Tax Law – “Is the new tax law making you anxious? It’s time to take a renewed look at how we approach fundraising. Any strategy that relied on the tax deduction is going to be a whole lot less likely to work.”
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How Bad is the New Tax Code for Your Charity?- “The new tax code could increase GDP and stock values leading to more charitable giving that could, at least partially, offset any potential decline in giving resulting from the new tax policy.”
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The pall that the tax law is casting over charities- “The tax-code overhaul that Republican lawmakers approved and Trump signed into law will raise the price of charitable giving for millions of Americans, surely reducing how much money the nation gives.”
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New Tax Law: How Worried Should Your Nonprofit Be? – “Tax benefits are icing on the philanthropy cake. Here’s what you should do when the icing is melting.”
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