Proposal Would Increase Charitable Giving
Report predicts additional $14.6 billion in charitable gifts would result.

Church treasurers will be interested in a report just issued by CPA firm PricewaterhouseCoopers. The report predicts that President Bush's proposal to allow "nonitemizers" (taxpayers unable to itemize deductions on Schedule A) to deduct their contributions to charity would result in an additional $14.6 billion in gifts to charity (11% over the current amount of charitable giving) and would generate nearly 12 million new givers. The full report can be viewed online at http://www.IndependentSector.org.

This content originally appeared in Church Treasurer Alert, April 2001.

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Posted: April 2, 2001
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