Five Reasons Nonprofits Can Be Optimistic About Charitable Giving

Five Reasons Nonprofits Can Be Optimistic About Charitable Giving – When the Tax Cuts and Jobs Act of 2017 was passed there was some concern about the impact the Act would have on charitable giving.  But as we move closer to year end, there is cause for optimism – five factors bode well for nonprofits.

Five Reasons Nonprofits Can Be Optimistic About Charitable Giving

  1. Record unemployment means more people are working  – This means that human services organizations may see a decline in the need for services.  At the same time, with more Americans working there greater income for giving.
  2. Five Reasons Nonprofits Can Be Optimistic About Charitable GivingStock Market has been strong  – This could translate to even more disposable income for individuals.  But it also means strong performance for foundation portfolios which can result in payout increases.
  3. Corporate tax liability down  – This means more hiring (see Reason 1) and it also means more raises and bonuses for individuals.  The other plus is that corporations have more budget for charitable investments.
  4. The standard deduction has been doubled – This means greater income for giving among the non-itemizers.
  5. Incentive for itemizers to give more – There’s an increase from 50 percent to 60 percent of AGI for charitable giving.

To learn more about the five reasons nonprofits can be optimistic about charitable giving as well as how finance directors can lead in strengthening revenue growth, we invite you to access the on-demand webinar ‘Tax Reform and Charitable Giving: How Finance Can Help Sustain Giving.’

Year in and year out, charitable giving is led by individual donors.  The webinar will give a breakdown of all giving sources, including individual donors, and what motivates their giving.

Americans, and certainly Texans, are generous and will continue to support the good work nonprofits are doing.  The data confirms that your donors give from the heart.  They give because they have an emotional and personal connection to the cause and how their donation will impact the recipients.

Five Reasons Nonprofits Can Be Optimistic About Charitable Giving

Express Information Systems has been helping nonprofits both within Texas and beyond our borders, become efficient and effective stewards, better positioning them to fulfill their mission.  It’s an exciting time with cloud technology making best-in-class accounting solutions for nonprofits even more affordable.  Don’t miss out, contact EIS today.

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