Yesterday, the White House released its proposed tax reform, indicating that one goal would be to protect the charitable tax deduction. However, what is being proposed could negatively impact charitable giving. First, the proposal to double the standard deduction will mean that millions of Americans will no longer itemize their deductions, which will directly impact […]
With the House of Representatives set to hold hearings Thursday on the future of the charitable tax deduction, Americans say they strongly oppose capping or cutting the deduction to help solve the debt crisis facing the country, according to a Dunham+Company national study conducted by Wilson Perkins Allen Opinion Research.
Each year The Chronicle of Philanthropy publishes the rankings of the top 400 charities in America. This list is what they consider a “bellwether of giving trends” as, according to The Chronicle, $1 out of every $4 from individuals, corporations, and foundations is raised by the nonprofits who make this list.
In 2011 this group ended up with an average increase in private donations of 7.5 percent. This is good news for this group of charities. But how did evangelical ministries that made the list fare?
The overall increase in online giving is largely attributable to a jump from 44 percent in 2010 to 58 percent in 2012 among the Baby Boomer generation (people born from 1946 through 1964). In other words, the survey indicates that the raw number of Boomers giving online has increased by almost one-third in the last two years.
Today, Giving USA has released its 57th annual report on giving in America, and while there are signs of a slow recovery in charitable giving, not so for giving to religion. In 2011, overall giving increased 4.0 percent (0.9 percent, adjusted for inflation), but giving to religion fell 1.7 percent (4.7 percent, adjusted for inflation).
Total charitable contributions from American individuals, bequests, corporations and foundations were an estimated $298.42 billion in 2011, up from a revised estimate of $286.91 billion for 2010, Giving USA Foundation and its research partner, the Center on Philanthropy at Indiana University, announced today.