New York Gov. David A. Paterson has signed into law a revenue bill passed by the state’s legislature that limits charitable deductions for “high earners”—a move that has nonprofits and a prominent New York philanthropist worried about a related significant loss in contributions to charity. The law puts new limits on tax deductions for people with state- adjusted gross income above $10-million annually—about 3,500 taxpayers in New York. Those residents are now able to write off only 25 percent of their charitable contributions on their state income taxes rather than the previous 50 percent. The provision in the budget...
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AHP: Budget Proposals Will Thwart Charitable Giving, Endanger Hospitals
February 4, 2010
From News
Feb. 4, 2010, Washington, D.C. — President Obama’s budget proposals to reduce tax deductions for charitable donations and freeze discretionary spending will harm fundraising for nonprofit hospitals by thwarting giving by wealthy donors and drying up funds meant to help the poor and underinsured, according to the Association for Healthcare Philanthropy whose members direct fundraising for some 2,200 hospitals and health care systems across the U.S. and Canada.
Planned Giving : ‘How Old Are You and Did You Know You Could … ?’
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Asking questions and educating prospects about ways to make gifts are the hallmark of our jobs as fundraisers. In this article, we list 10 key questions you need to ask donors and prospects in order to begin the cultivation process. We also discuss important points about listening to and processing information gleaned from the answers.
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