Charities Say Tax Changes Add to Pain
Submitted by admin on March 2, 2009
Some $318 billion over the next decade is expected to come from capping the value of itemized deductions—including those for charitable contributions—for the wealthy. The change could squeeze a large source of money for U.S. nonprofit organizations. Individual contributions are the third-largest source of nonprofit funds behind the government and fees for things such as tuition and ticket sales. Read more.