Changing the Charitable Deduction Could Discourage the Most-Generous Donors

With growing political consensus on the need to reduce the deficit, it is no longer a question of “if” the country will overhaul how it approaches taxing and spending; it is only a question of when and how we decide to put our nation’s fiscal house in order.

And that process is now raising a big question for every nonprofit in America—whether donors will be allowed the same tax benefits for charitable gifts in the future as they are today.