New Tax Law Boosts Nonprofit Donors, but Total Gifts Drop
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
New tax law changes are expected to bring in millions of new donors to nonprofits, but overall annual gifts to charities may drop by $5.6 billion. The new deduction for most people, along with limits for wealthy donors and corporations, will shape the future of charitable giving. Despite these shifts, the impact on total donations is predicted to be minimal, with a slight overall decline of less than 1% in 2026.
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