GuideStar Blog

It’s hard to believe 2018 will soon be in the rear-view mirror.

Doesn’t it seem like yesterday, when we greeted January with the new Tax Bill of 2017 in effect?

We all wondered if we’d see more of the fundraising volatility we experienced from late 2016 through 2017. We all wished for a less challenging, more stable year for funding our nonprofit work! But we also worried about how the changes to charitable deductions might affect giving. We hoped for the best, but buckled up tight.

Three months into the new year, the highly anticipated GOP Tax Bill (H.R.1) is in full effect. Below, we look at how the new tax regime may impact individual and corporate giving, and steps nonprofits can take in response to new opportunities.

Tax benefits are icing on the philanthropy cake. What to do when the icing is melting?

First, the good news.

The sky is not falling.

There’s been much discussion recently about how the Tax Cuts and Jobs Act, which became law on December 22, 2017, will affect charitable contributions. It’s an important conversation. But there are other issues arising from the act that nonprofits should be aware of. Here are several from the 2018 Tax Law Checklist published by the National Council of Nonprofits. To view the complete list and get more information, view the checklist and the Council’s resource page for charitable nonprofits.