Giving locally affects communities and the giver
Your mailbox is probably full of charitable solicitations, and, if you are like me, you probably don’t even open many of them. Large national direct-mail organizations often sell their lists to others, and you make one donation to a cause you like, and lo and behold, you are inundated by dozens of others. Sometimes that can give us compassion fatigue or just make us feel annoyed by the waste of paper and postage and turned off to giving. One easy solution to this problem is to get to know local nonprofits in your community and keep your donations close to home. You will feel appreciated and included — and be able to see the results of your gift in action.
Maryland estimates show that about 260,000 Marylanders who previously itemized their tax deductions will no longer be able to itemize their charitable contributions. Wealthier donors are not affected by the change as they will be itemizing their deductions as they always have.
New data from Giving USA shows that this regressive change to the charitable incentives has already had an impact on individual giving nationwide. In 2018, the first year the new tax law took effect, individual giving decreased by 1.1% — a 3.4% decline when adjusted for inflation. Contrasting that to an increase in individual giving of 5.7% the prior year, this is a troubling sign.
Source: The Baltimore Sun
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