By Una Osili and Sasha Zarins, IU Lilly Family School of Philanthropy Following years of steady growth that has tracked the performance of a generally healthy economy, U.S. charitable giving has reached an all-time high at a time when the share of Americans who make donations is falling. But as a lead researcher and an… Read more »
Tag: tax law
As states seek charitable ways to skirt federal tax law, philanthropy must watch out
By Suzanne Garment and Leslie Lenkowsky California, that cradle of legislative creativity, has become the first state to take concrete steps to help people avoid the new limit on federal deductions for state and local taxes. The state’s Senate has overwhelmingly passed a bill to let Californians pay 85 percent of their state taxes into… Read more »