New Tax Law: How Worried Should Your Nonprofit Be?
First, the good news.
The sky is not falling.
Human beings have given long before the existence of charitable deductions. Human beings are generous. They like being helpful. They like making a difference. They like doing the right thing.
Philanthropy helps people fulfill their higher purpose. It gives them meaning.
The primary reason people give is not to get a tax deduction.
It’s to see themselves reflected in a mirror as the person, deep down, they really want to be.
Now, the bad news.