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Posts tagged Charitable Giving
Let's Hope They're Wrong: New Study Predicts Decline in Philanthropy Due to Tax Law

A new analysis featured in the Chronicle of Philanthropy predicts that individual giving will decline by 4% or about $16 billion in 2018, with almost all of it attributable to the loss of the charitable deduction and the increase in the standard deduction. Authors Alex Brill and Derrick Choe further show that the most significant impact will be on giving by those with higher income levels, mainly due to the increase in the standard deduction.  Their study is in line with several other estimates projecting a decline.

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