WASHINGTON, DC -- The 2017 federal tax overhaul could cut the number of households donating to charity by 2.6 million per year and reduce charitable giving by up to $19.1 billion per year through 2025, according to a new report. The study was commissioned by Independent Sector, a group that advocates on behalf of nonprofits, and was conducted by the Lilly Family School of Philanthropy, at Indiana University.
NEW YORK, NY -- The Foundation Center, which has collected information on philanthropy for more than half a century, today announced that it will join forces with GuideStar, an electronic database of about 2.7 million nonprofits, to form a new nonprofit organization known as Candid.
WASHINGTON, DC -- The news any given day is filled with warnings of "doom loops," inverted yield rates, and other wonky predictors of a recession. A downturn is likely for 2019, economic cognoscenti say, if not inevitable by 2020, particularly given the drag of the monthlong federal-government shutdown.
NEW BRITAIN, CT -- An opinion article penned by Dave Davison, former president of the American Savings Foundation, encourages indivdual giving, reviews why individuals give to charity, and the discusses the possible affects of the new Federal tax laws on indivdual charitable giving.
HARTFORD, CT -- The residents of Connecticut are the fifth most generous in the nation, according to a new analysis by the financial website WalletHub.
NEW YORK, NY -- Starting this fall, and well into the future, medical students at New York University will get free tuition. In a few years, shiny new facilities will welcome cancer patients in Atlanta and brain researchers at Stanford. The announcements about these developments credit generous philanthropists, but fail to mention who else is footing much of the bill: American taxpayers. Like most charitable giving, health care philanthropy is tax-deductible. When wealthy people give away millions of dollars, their tax bills go down. But that leaves the rest of us either to pick up the slack or go without the investments that our government could have made with those funds.