This week House Republicans released H.R. 1, The Tax Cuts and Jobs Act. Despite months of NCDC advocating along with our partners in the nonprofit sector for extending the charitable gift deduction to all taxpayers, rather than only itemizers, the bill does not include the measure. In addition, the bill includes provisions related to the Estate Tax, donor advised funds, university endowments, foundation excise tax, church political activity, and nonprofit executive compensation. Forecasters are predicting up to a $13 billion decrease in giving based on the current version of the bill.
“For 100 years, the Charitable Tax Deduction has been a landmark institution that exemplifies the charitable spirit of Americans. Protecting this deduction and expanding it to the greatest number of people possible encourages charitable giving by all socioeconomic levels. Tax reform should protect and expand this deduction to recognize the impact of charitable gifts, regardless of size, to support those most vulnerable in American society and worldwide,” said Sr. Georgette Lehmuth, OSF, President/CEO of NCDC.
The House Ways and Means Committee will meet next week, where there is still hope the broadened tax deduction will be added via amendment to the bill.
The Senate is expected to release its version of tax reform shortly, perhaps as early as next week.
More on the tax bill:
- Giving, Politicking, Endowments, and CEO Pay All Could Be Affected by Tax Measure [Chronicle of Philanthropy]
- Federal Tax Bill Targets Deductions, Endowments, Lobbying [Nonprofit Times]
- ACR Statement on House Republican Bill [Alliance for Charitable Reform]
- VIDEO: What Tax Reform Will Mean for Donors and Foundations [Philanthropy Roundtable]
- Featured NCDC Corporate Partner Robert F. Sharpe, Jr.
Giving Tuesday is fast approaching. Make sure your organization is ready!
- A Nonprofit’s Guide to #GivingTuesday and End of Year Fundraising [NP Engage]
- Giving Tuesday #Inpo: 14 Donation Pages That Know What They are Doing [Every Action]
- Featured NCDC Member Catholic Relief Services
- Facebook Waving #GivingTuesday Fees, Matching $2 Million in Donations [Facebook]
- How To Use Facebook’s Free Fundraising Tools on #GivingTuesday [JC Social Marketing]
- 3 Quick Steps for #GivingTuesday Procrastinators [Network for Good]
“Rising inequality in America over the past four decades has undermined living standards and social mobility, dampened economic growth, and corrupted U.S. politics.
“But what about the effects of inequality on civil society and the nonprofit sector? That question has gotten much less attention. Yet there are growing signs that the vast chasm between the super-wealthy and everyone else is also having negative effects in these realms, too.” [Inside Philanthropy]
More emerging trends:
- Study: Nonprofits generate economy, jobs in Michigan [Detroit News]
- The State of Donor Retention in One Image [Bloomerang]
TIPS & TACTICS
“What are the best ways to increase email performance and response rates? How do colors and fonts impact readability? Does the date and time that emails are sent affect donor interest?“ [NCDC]
More tips and tactics:
- Quick ideas for better fundraising subject lines [Future Fundraising Now]
- 9 Reasons Every Organization Should Have a Capital Campaign Every Decade or Two [Nonprofit Pro]
- 3 Tech Tools Nonprofit Leaders Should Buy (and 3 To Stick to the Free Version) [Mary Calhane]
- How to Write Superior Nonprofit Fundraising Appeals: Avoid Jargon [Network for Good]
- The New Rules For Email Deliverability [Care2Services]
- 10 ways Hispanics are redefining American Catholicism in the 21st century [America]
- How to encounter Latino Catholics in America (and why you need to) [America]
- More than just giving – World Day of the Poor highlights change of attitude [Catholic News Agency]
Inspirational insight of the week:
"The times are evil, the times are troubled, that’s what people say. Let us live good lives, and the times are good. We ourselves are the times. Whatever we are like, that’s what the times are like."
- St. Augustine, Sermon 80, pp. 8