Advancing the nonprofit marketing & charitable fundraising community since 1982

News Update for April 27, 2017 (Issue 17-08)

In the States

York Daily Record/Sunday News (PA)
What are York County’s nonprofit execs paid? (FL)
Nonprofits Air Concerns Over Looming Federal Budget Cuts

The Nonprofit Quarterly (IL)
The Outrageous New Normal for Illinois Nonprofits

Twin Cities Business Magazine (MN)
Should St. Paul Induce-or Shame-Nonprofits into Paying for City Services? The City Council has enlisted the Citizens League to study whether it should create a system to get nonprofits to voluntarily pay what the state constitution exempts them from paying. Press (MN)
St. Paul: universities, museums, etc., don’t owe taxes, but should they pay in other ways?

Minneapolis Star Tribune (MN)
With $6 Million Shortfall, United Way Alerts Nonprofits They’ll Be Getting Less — Hurt by targeted giving, the Twin Cities branch called 150 nonprofits to let them know their funding will be cut.

Around the Sector

Trump’s Tax Reform Plan & the Charitable Tax Deduction — Read the Fine Print

President Trump unveiled his tax reform proposal and under this plan, the charitable tax deduction will not be reduced. Instead, the Trump plan doubles the standard deduction (which eliminates the need to itemize specific deductions like the charitable tax deduction). Those who itemize may now qualify for a higher standard deduction and will not need to take the deduction.

The Charitable Giving Coalition, of which the DMA Nonprofit Federation is a part, is concerned that this may reduce the number of itemizers and supports a universal charitable tax deduction for itemizers and non-itemizers. The coalition will keep you apprised of next steps and actions needed to alert members of Congress.

If you have questions or comments, please contact Xenia “Senny” Boone, Esquire, DMANF Executive Director & General Counsel.

The NonProfit Times
Initial Tax Proposal Leaves Charitable Deduction Alone

The New York Times
White House Proposes Slashing Tax Rates for Individuals and Businesses

“The Trump administration would double the standard deduction, essentially eliminating taxes on the first $24,000 of a couple’s earnings. It also called for the elimination of most itemized tax deductions but would leave in place the popular deductions for mortgage interest and charitable contributions. The estate tax and the alternative minimum tax, which Mr. Trump has railed against for years, would be repealed under his plan.”

A Conversation with DMANF Award Winners Susan Loth & Eliza Slone

The NonProfit Times
Two Generations of Marketers Seek To Do The Right Thing

Philanthropy Roundtable
Bad Donors, Good Results — Human kindness and charitable success aren’t necessarily linked. That’s one of the paradoxes of philanthropy.

The NonProfit Times
Consumers Pick Top Nonprofit Brands

The Nonprofit Quarterly
Tom Brady Gives Much to Best Buddies, But Has Taken Millions for His Own Charitable Trust