The Build Back Better bill, the centerpiece of the Biden administration’s domestic policy, cleared the House of Representatives by a slender margin largely along party lines in November 2021. Legislative progress came to a sudden stop a month later when Sen. Joe Manchin announced, in a Fox News interview, that he would not support it. Without the West Virginian’s vote, Senate… Read more »
Broadway superstar Lin-Manuel Miranda and his family this month announced $225,000 in grants to eight groups that help immigrants. Those donations marked a departure from his usual giving, which has chiefly focused on the arts. But they also reflected the central theme depicted in his new movie, In the Heights, about an immigrant neighborhood in… Read more »
In July 2021, households with up to 88% of all U.S. children will get their first of six no-strings-attached monthly payment from the federal government. The money comes from a temporary expansion of the child tax credit in the Biden administration’s US$1.9 trillion COVID-19 relief package enacted in March. For one year only, the government… Read more »
The most important part of the new American Rescue Plan Act for philanthropy may be one which provides not a cent to any nonprofit group or a tax incentive to any donor. The law includes changes in the Child Tax Credit that, according to the Institute on Taxation and Economic Policy, could raise the incomes… Read more »
After the unprecedented events of the past year, fundraisers, researchers, and nonprofit leaders have many questions about what the upcoming years will look like for charitable giving. In this post, we will explore the outlook for charitable giving in 2021 and 2022 using our forecasting model, and by providing information about how broad economic conditions… Read more »