October 16, 2018, by Kim Moore, Oregon Business
Full Article here.
Last year a new record was surpassed in private giving to charities. Individuals, estates, foundations and corporations were estimated to have contributed a record $390 billion to U.S. nonprofits in 2016, according to a report published in 2017 by Giving USA Foundation, an initiative of the Giving Institute.  Fast-forward to 2018 and the financial outlook for the nonprofit sector couldn’t be cloudier. The Tax Cuts and Jobs Act, an overhaul of the tax code passed in December 2017, is estimated to potentially eliminate up to $17 billion in donations to charities annually, according to the American Enterprise Institute.    The true extent of the financial blow to nonprofits will not be known until the spring of 2019, when data will be available on how much the changes will discourage charitable donations. But nonprofits are already “freaked out” by the dire predictions, says Jim White, executive director of the Nonprofit Association of Oregon.    Nonprofits that will be hardest hit will be organizations that depend solely on private giving to stay afloat. The sector is already under pressure from the tight labor market, which is enticing employees away from nonprofits to better-paying private-sector jobs. Rising health insurance costs and the increase in the minimum wage are also putting the squeeze on the sector.
High Stakes: Tax-code changes put nonprofits in a bind.
the coach is in
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