The Philantopic blog had a great post today about the Obama administration proposal on limiting itemized deductions on charitable giving. It quoted a survey by the Association of Fundraising Proposals that found that development officers expect to see at least a slight drop in giving if the proposal goes into effect.
As a University of Chicago trained economist, this make sense. As it becomes more expensive to give, people will do less of it.
But is it a wholly awful scenario? Read More…
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