Final Tax Bill Released
The House and Senate have released their final version of the Tax Cuts and Jobs Act, which is expected to go to final vote this week. A number of provisions in the bill are expected to prove detrimental to the charitable sector.
Chronicle of Philanthropy has an excellent summary of the provisions of the final bill.
We encourage you to continue to contact your lawmakers and urge them to vote “NO” on the Tax Cuts and Jobs Act.
More on the Tax Bill:
“Religious givers — more generous than the average American — are among millions of donors who face decreased tax incentives on their contributions under the early versions of tax bills in Congress.
That’s bad news for houses of worship as well as local charities that religious givers tend to support as generously or, in some cases, more so than their secular neighbors.” [Washington Post]
More need to know news:
- New System Might Spike Postal Rates [NonProfit Times]
- It ain’t over till it’s over! [Alliance of Nonprofit Mailers]
“Millennials are more generous when giving to charities at Christmas and they are more likely to research their chosen charities before donating, according to research by the Charity Commission.
Over half of respondents aged between 18 and 24 said they would usually check out a charity before donating, compared with 29% of over-75s.” [The Guardian]
More emerging trends:
- [PODCAST] How America Gives [Nonprofit Hub]
- Is the New Way to Give a Better Way to Give? [The Atlantic]
TIPS & TACTICS
“Hundreds of millions of dollars were raised for nonprofits around the world last week during #GivingTuesday. Your organization didn’t get what you’d hoped for last Tuesday? Don’t let that get you down. According to a benchmark study by Next After, only 3.8% of online calendar year-end revenue comes in on #GivingTuesday. That means there are a LOT of online donations still to be captured this year! In fact, 31% of total annual online giving happens in December – and nearly 50% of that is given after Christmas in the last week of the year.
“Make your list and check it twice to be sure you’ve got the best online fundraising campaign in place to capture your share of year-end giving.” [Meyer Partners]
More tips and tactics:
- End Strong [Network for Good]
- Machine Learning Reactivates a 20 Year Lapsed Donor [The Catholic Fundraiser]
- Donor Intent: What It Is and Why It Matters [Nonprofit Pro]
- Top 5 Ways to Appreciate Your Donors [Bloomerang]
- Frequently Asked Questions About Tax Letters for Monthly Donors [Nonprofit Pro]
- How not to chase your donors away, even if you communicate with them an awful lot [Future Fundraising Now]
CATHOLIC CHATTER“…The church has always been engaged. Whatever else we do, we’re here to communicate. We don’t exist for our own name. We exist to communicate, and the message we’re here to communicate is not our own message. It’s the message of Christ, which has been entrusted to us.
People communicate not only to exchange information, but also to build relationships. Social media has tied those two things in much closer to each other. People nowadays will accept information from people they trust, and know, and like. Then they will build relationships with people whose information proves dependable and reliable and worthwhile.” [America]
More Catholic Chatter:
Inspirational insight of the week:
"May the God of hope fill you with all joy and peace in your faith, so that in the power of the Holy Spirit you may be rich in hope."
- Romans 15:13