New data on Americans’ tax returns adds to the growing body of evidence that charities are taking a hit as a result of Trump’s overhaul of the tax system — and it could be worse than some predicted.
“The amount is just jaw-dropping,” said Michel Nilsen, vice president of communications and public policy at the Association of Fundraising Professionals. “This is a really significant drop. This to me is a sign that giving was hurt.” Another caveat: Figures on itemized charitable contributions only show one way charities receive money. Charitable groups also get donations from corporations and private foundations, and some people continue to give to charity even if they don’t itemize it on their tax bill.
I tend not to worry about taxes when making donations. I am more interested in the mission and how the charities control administration cost.
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