Today we talk about how 2017's Tax Cuts and Jobs Act passed in December 2017 affects the work of nonprofit fundraising and the ways donors are incentivized or disincentivized to give philanthropically through the tax code. We'll discuss the charitable tax deduction laws, the standard deduction changes, the impact of changes in SALT (State and Local Taxes)  deductability, the increase of the estate tax exemption, the reduction in marginal tax rates, which businesses and individuals benefit from the tax law changes, whose giving is likely to increase and decrease, and what tools nonprofits can use to encourage wise giving methods from their donors such as Donor Advised Funds, shifting from seasonal giving appeals to cause and need-based giving appeals, and more. If you would like to improve your meeting scheduling, Philanthropy Podcast listeners are receiving a special offer of two free weeks for ScheduleOnce, the scheduling tool I use for quickly and professionally scheduling meetings with my donor prospects. Get your two weeks free at www.thephilanthropypodcast.com/scheduleonce Audible is offering a free 30 day trial with one free audiobook download if you visit www.audibletrial.com/philpod. Right now I'm listening to Getting Things Done by David Allen as I've realized I need to tweak my time management and organizational system with my new job and Getting Things Done was highly recommended by a friend. Once again you can get your free 30 day trial and free audiobook download at www.audibletrial.com/philpod.

How New Tax Legislation Impacts Philanthropy - An Analysis of The Tax Cuts and Jobs Act - Episode 34

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