charitable deductions

In a Time of Enmity, the Charitable Deduction May Be Too Good to Give Up

Posted on 03/15/2012 by | Philanthropy & Fundraising | Comments

VolunteeringThe Federal Government is looking for money.  I know, big surprise.  Next target: remove the charitable gift deduction. In a recent article in the Chronicle of Philanthropy, Jack Shakely shares that in this time of deficits, the deduction may be too costly to keep. And he has a point. An individual giving a million dollar gift to a building project or a new national program – doesn’t need the tax deduction. Seventy percent of Americans don’t itemize and don’t get the …