DOLLAR$ AND SENSE
AHH, SPRING! This is the time when a young man’s fancy turns to … well, his tax return! Most Southern Arizonans will begin pondering their taxes this month so we will, too.
Studies indicate that tax benefits have little to do with why donors give. “On a list of 10, it would be No. 10,” said Tom Ahern. “On a list of 50, it would be No. 50. Right behind ‘I like the feel of a pen in my fingers.’ ”
That said, organizations like ours march on Capitol Hill when Congress talks about eliminating the tax deduction for charitable donations. Why? The nonprofit world fears that even a small decrease in donations (should one occur) would have major impact when factored nationwide. According to the United Way, even a 2.5 percent decrease in giving would cost nonprofits more than $6.5 billion a year.
The Charitable Giving Coalition puts it this way: “Viewing it only as a tax break ignores the lifeline that nonprofit support services and nonprofit jobs provide millions of Americans,” the Coalition said. “For every dollar a donor claims as a deduction the public receives about $3 in benefit.”
There are two areas of giving that might be susceptible to any change in current tax laws. READ MORE…
National Philanthropy Day may be over but check out these photos of the Honorees
Be a Key Change Agent in Your Own Organization
March 13, 2015 7:30 am to 9:00 am
British leadership coach and executive counsel Carol Braddick will join our own Laura Penny to look at the challenges of “change” — and how development officers can help their organizations change for the better. All nonprofits must evolve if they are to remain viable to the publics they serve. But change isn’t easy. Carol and Laura will […]