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Trump’s tax law changes may increase the number of donors, but reduce donations to nonprofits
The new tax law’s small deduction may boost donor numbers by up to 8.7 million, but overall giving could drop by $5.6 billion annually, researchers say.
- Tuesday's report from the Indiana University Lilly Family School of Philanthropy finds 6 to 8.7 million more Americans will donate, but overall giving may drop about $5.6 billion annually, due to tax law changes enacted last year.
- The law creates a 35% cap for top itemizers and a 0.5% giving floor, affecting roughly 11% of filers, while a $1,000/$2,000 deduction benefits 87%.
- The law's corporate floor of 1% means Chief Executives for Corporate Purpose data found that giving is concentrated among top donors, and Lilly School researchers estimate this will likely reduce corporate giving by around $1.5 billion annually.
- Bergdoll cautioned that impacts won’t take effect immediately and households must learn about the new deduction before behavior changes, while the Treasury Department did not immediately comment.
- Modeling indicates ranges from about $2.5 billion to nearly $12 billion, with macroeconomic forces affecting 2026 giving outcomes, researchers warn.
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15 Articles
15 Articles
Trump's tax law changes may increase number of donors, but reduce donations to nonprofits
Millions more Americans will likely donate to nonprofits as a result of changes to tax laws, but those changes will also likely reduce the overall amount of money given to charity.
·Johnstown, United States
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The Seattle TimesReposted by 
My Mother Lode
My Mother LodeTrump’s tax law changes may increase the number of donors, but reduce donations to nonprofits
Millions more Americans will likely donate to nonprofits as a result of changes to tax laws, but those changes will also likely reduce the overall amount of money given to...
·Seattle, United States
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Associated Press News+10 Reposted by 10 other sources
Trump's tax law changes may increase the number of donors, but reduce donations to nonprofits
Millions more Americans will likely donate to nonprofits as a result of changes to tax laws, but those changes will also likely reduce the overall amount of money given to charity.
·United States
Read Full Article
Coverage Details
Total News Sources15
Leaning Left5Leaning Right2Center6Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 39%
C 46%
15%
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