Study estimates 4 percent drop in giving this year

Household charitable giving could drop 4 percent this year as a result of the Tax Cuts and Jobs Act (TCJA), primarily because of more high-income taxpayers claiming the standard deduction, according to the latest projections. The American Enterprise Institute (AEI) estimated a drop of some $17.2 billion, or $16.3 billion assuming modest economic growth in…

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Mega Gifts Boost Giving Past $410 Billion

Giving to tax-exempt organizations in the United States last year grew by more than 5 percent to $410.02 billion – eclipsing $400 billion for the first time ever – riding a wave of a strong stock market and the philanthropic response to a series of natural disasters. Initial estimates for 2017 were released this morning…

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