News Roundup: The 2013 budget and charitable deductions

Last week President Obama submitted his budget for 2013.  In the budget is a proposal to limit the percentage of charitable deductions than can be taken.  Many nonprofit leaders are critical of the plan because they think it will reduce contributions.  Here is an article on the budget by Lisa Chiu of the Chronicle of Philanthropy.

Rick Cohen of the Nonprofit Quarterly thinks contradictory messages are being sent from the White House.  A month earlier he reported White House officials as saying the charitable deduction cap was off the table for 2012.  (No change to charitable deductions)  Now it seems the White House has reversed itself.  Read Cohen’s article about President Obama’s plan.

Do you want to know the reasoning behind the charitable deduction cap?  Read a post by Jonathan Greenblatt, Director of Social Innovation who lays it out.

So what  does all of this mean for nonprofit  funding in the future?  Will the charitable deduction cap affect future contributions?  That remains to be seen.

Do you think the proposed change in the charitable deductions cap will negatively impact contributions?  Has the proposed legislation affected your fundraising plans?

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About Althaea Consulting

Althaea Consulting is a management consulting company which provides services to start-up, faith-based, and small nonprofit organizations. The mission is to help start and grow nonprofits.

Posted on February 21, 2012, in Fundraising, Public Policy. Bookmark the permalink. 2 Comments.

  1. As the programmes and tejorcps of NGOs expand, the need for money to run their operations becomes all the more critical. Much of this comes from third party funding organizations, either in the country where the NGO operates, or in OECD countries that assist tejorcps in developing countries

  2. Oh, single faimly dwellings will get hit, too, though not as bad as the overbuilt, overpriced condos. Think credit crunch and lack of good jobs in the Portland area and the ill effects of creative financing.Just this weekend I chatted w/ two neighbors who are out of here once nursing school is over and the other is done in April w/ his fellowship. Both used their schooling as a trial period in Portland and this winter killed em. One is going back to CO and the other WV.And my ex-hi-tech spouse met a guy dragging his feet back to Seattle. Loves Portland but can’t find work in hi-tech. Seattle advertises his type of work all the time.Just three little examples.Can you give me some concrete reasons why single faimly dwellings won’t get affected by the change in lending, foreclosures, etc.

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