Tax Proposals Worry Hospital Fund Raisers

Hospitals could lose more than $1-billion in donations if Congress limits charitable deductions, hospital fund raisers estimated in a new survey by the Association for Healthcare Philanthropy.

A poll conducted last month of 317 fund raisers who belong to the association asked about a proposal to reduce the deduction for charitable contributions to a 12-percent tax credit for donations. The credit would be available only for amounts beyond 2 percent of a taxpayer’s adjusted gross income.