Friday, June 28, 2019
David Biemesderfer, President & CEO of United Philanthropy Forum recently published an article on the effects of the 2017 Tax Cuts and Jobs Act with regard to charitable giving:
“Giving by foundations, corporations and individuals declined 1.7 percent in 2018, adjusted for inflation. This is the first drop in giving since 2013 and just the 13th decline since 1978, and has occurred despite assurances from Congress that the 2017 tax law would not negatively impact giving and in fact would increase it.”
Read more about this trend and its impacts on communities here.