Wednesday, January 02, 2013

"Fiscal Cliff Deal Could Hurt Charitable Giving"

Reports the Chronicle of Philanthropy.  According to the story, the Charitable Giving Coalition wrote a letter to Sen. Reid this summer "stating its opposition to the [charitable] deduction limits."

Nonprofit Law Prof Vaughn James is unsympathetic to the Coalition's argument:  "I cannot understand why the organization's members believe that the only reason people give to nonprofits is to get a tax deduction!"

Funny how the nonprofit community can be so confused about why people give to their organizations!

In fact, some people believe that if you eliminated charitable deductions, every hospital and university and not-for-profit agency across the country would suddenly find themselves on the verge of collapse.