December 23, 2019
From The Boston Globe – Philanthropy is in trouble. Giving USA reported a decline in giving by individuals in 2018, likely driven by changes in the tax code to dramatically reduce the number of itemizers who benefit from the charitable deduction. An end of year drop in the stock market that year probably didn’t help, either. Meanwhile, data from a variety of organizations tell us the proportion of households that give has declined over the past decade, that even the very wealthy are donating at a very low level relative to their assets, and that young people are contributing at low rates. While it is true that a majority of Americans still give—and donation levels are high relative to other countries — the warning lights are flashing.
Read more on The Boston Globe