June 25, 2023

Charitable Tax Deductions Won’t Save U.S. Nonprofits – Leslie Lenkowsky

Charitable Tax Deductions Won’t Save U.S. Nonprofits is Professor Leslie Lenkowsky’s take on the relationship between inflation and charity. Here’s what Lenkowsky has to share: High inflation is hitting America’s charities. Donations last year dropped by 3.4% from 2021 levels, or 10.5% after adjusting for inflation, according to the Giving USA report released this week. Never in its more than 60-year history has this annual report recorded so steep a single-year decline […]