February 3, 2005
Tax-Code Overhaul Could Harm Charities
President Bush tried to persuade nonprofit leaders that his efforts to overhaul the tax code would recognize the importance of philanthropic giving to society by announcing last year that the charitable deduction would be retained. But, even if the charitable deduction stays, the ideas for overhauling the tax code could significantly damage many nonprofit organizations.
To be sure, the charitable deduction is important. In 2001, individuals and corporations received deductions for
This content is only for subscribers. You can gain access by purchasing a:
Print Subscription
Digital Subscription
Already have an account? Log In Now.
Get more great stories about the nonprofit world delivered to your inbox every weekday. 
