20 Feb The Philanthropy Outlook 2018 & 2019
Tax policy changes combined with the strength of the U.S. economy create a mixed outlook for charitable giving in 2018. While the economy should remain an encouraging factor for charitable giving, changes to the federal tax code actually reduce financial incentives for many Americans when it comes to philanthropic gifts, and this could result in a sharply different outlook for fundraising this year.
In February 2018, in partnership with the Indiana University Lilly Family School of Philanthropy, we released The Philanthropy Outlook 2018 & 2019. With the strong finish of the stock market and passage of the Tax Cuts and Jobs Act at the end of 2017, this year’s report is particularly relevant as we work to understand how these competing factors will shape charitable giving. In this year’s report, we explore high, uneven and flat economic growth scenarios – each affecting charitable giving in different ways.