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.
The purpose of this special update is to provide a summary of the provisions which will most directly impact charitable giving and to provide a simple explanation of one of the more complex provisions of the new law called the Pease Amendment.
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?
At a time when both the Democratic and Republican presidential candidates say they are considering capping the charitable tax deduction, a national Dunham+Company/Campbell Rinker study conducted in the last month shows that the deduction is vital to giving in America.
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.
In some cases, there are historic delays costing organizations thousands of dollars and, in other situations, mail does not get delivered at all. Once again, multi-channel communication remains vital if organizations are to maximize revenue.
Making up ground lost in Great Recession may take a decade, study finds…
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.