GRF News

Chronicle of Philanthropy Article Suggests Charitable Giving May Become More Expensive

May 10, 2011

An article published in The Chronicle of Philanthropy suggests that the budget debate in Washington, DC is leading to proposals that would make the cost of charitable donations to nonprofits more expensive. In an effort to find new sources of tax revenue from individuals who make charitable contributions, the latest budget proposal submitted by President Obama imposes an additional tax, or reduces amounts that can be deducted, from gifts. The result, speculates the Chronicle, could be a negative impact on the amount of giving that supports charities.

To read the full article, click here.

We have been very happy working with Jackie Cardello. She is very responsive and supportive, and totally understands our needs and the issues we face.

Steve Brice |  Vice President and Chief Financial Officer
National Industries for the Blind