Philanthropy News

Sunday, August 6, 2017
How Tax Reform Could Hit Charitable Giving

@CNNMoney -- Plenty of factors can motivate charitable giving: Moral obligation, religious tithing, a desire to improve the world or leave a legacy. But another factor -- the tax benefits for giving -- could soon change if lawmakers push through tax reform. Few people donate simply because of the tax breaks and are unlikely to stop giving altogether if they don't get any. But analyses from the Congressional Budget Office and others have found that tax incentives typically increase how much you choose to donate -- whether in life or at death.