A Political Chill for Charities?
In the U.S., charities and governments have long held a unique and often symbiotic relationship, but some nonprofit executives are increasingly concerned that their longtime allies might be turning out to be a lot less friendly. Municipal, state, and federal officials are struggling to balance dire budgets, and all options are on the table for trimming. Perhaps the greatest threat is to a charity’s finances. Government agencies are cutting back on direct funding and both major political parties are seriously considering killing the charitable tax deductions for donors.