Here’s an editorial regarding the value that is added to not for profit organizations by affording tax deductions to donors who support their mission. For years, government has toyed with the idea of eliminating tax deductions for charitable contributions. Given the present state of our nation’s economy, it should come as no surprise that legislators are once again considering elimination of the tax deduction on charitable donations. But at what price to the not for profit sector? You can read John H. Graham IV’s fine opinion by clicking THIS LINK to his article, published The NonProfit Times.
I agree with Graham on his point that if the deduction were to be eliminated we would hope people would continue to contribute at the same pace as they would contribute otherwise. However, as studies reveal, this may be an unrealistic expectation.
