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Giving USA Shows Mixed Findings for Charitable Giving in 2018

Author: Stephen Sherman

Jul10

The latest estimates on charitable giving from Giving USA show that individuals, foundations and corporations gave more than $427 billion to U.S. nonprofits in 2018. Giving by individuals accounted for 68 percent of the total ($292 billion), giving by foundations came in at 18 percent ($76 billion), corporations gave around 5 percent ($20 billion), and gifts by bequest made up about 9 percent ($40 billion). 

Depending on how overall giving is calculated, 2018 saw either a slight increase (0.7 percent) from the prior year when measured in current dollars or a small decline (-1.7 percent) if adjusted for inflation. This ambiguity reflects the complex factors affecting charitable giving last year, not the least of which were the tax changes taking effect as a result of the passage of the Tax Cuts and Jobs Act in late 2017. 

Growth in total giving essentially remained flat as increases in giving by foundations and corporations made up for the decline in individual contributions. Giving by foundations was at an all-time high, totaling $75.9 billion and accounting for its largest share of overall giving to date. This was a 7.3 percent increase over foundation giving in 2017, or a 4.7 percent increase when adjusted for inflation. Giving by individuals, on the other hand, fell by 3.4 percent when adjusted for inflation. The share of overall giving from individuals fell to 68.3 percent, down from around 70 percent in 2017. 

This decline follows a longer-term trend in which the share of giving from individuals has fallen from around 83 percent in the late 1970s. The dip in individual giving could also be attributed to more recent developments, however. 

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May 2020 Public Policy Update

Author: Southeastern Council of Foundations

May05

Each month, SECF provides members with monthly updates on the latest public policy developments in Washington and state capitols around the region, analyzing their possible impact on the charitable sector. If you would like to see an issue featured in a future Public Policy Update, contact Jaci Bertrand, SECF's vice president of member engagement, at jaci@secf.org.


Impact of Unemployment Insurance Provisions on Nonprofits

You may have seen commentary online concerned about the impact of regulations related to unemployment insurance on nonprofits. However, a close reading of these rules indicates the impact only applies to certain grantee organizations.

Labor Department guidance issued on April 27 instructs states to bill certain tax-exempt employers immediately for 100 percent of the costs of unemployment benefits paid to employees laid off as a result of the COVID-19 pandemic.

However, this provision applies only to a small group of tax-exempt organizations known as “reimbursing employers.” It appears only some of the nation’s largest charitable organizations will fall into this group, but the complete impact is unknown. Most either pay unemployment taxes directly into their state’s trust funds or are so small that they pay nothing.

We are continuing to track the impact of these regulations – if you are hearing concern from your grantees about any possible impact, please let us know!

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Public Policy Update - July 2020

Author: Southeastern Council of Foundations

Jul07

Each month, SECF provides members with monthly updates on the latest public policy developments in Washington and state capitols around the region, analyzing their possible impact on the charitable sector. If you would like to see an issue featured in a future Public Policy Update, contact Jaci Bertrand, SECF's vice president of member engagement, at jaci@secf.org.


Bills to Expand Charitable Giving Introduced in House and Senate

Two Southeastern lawmakers are among the lead sponsors of bipartisan, bicameral proposals to expand the temporary universal charitable deduction put into law earlier this year.

In the Senate, Sen. Tim Scott (R-SC) is a lead sponsor of the Universal Giving Pandemic Response Act (S. 4032), which would expand the temporary $300 universal charitable deduction included in the CARES Act to one-third of the standard deduction, or roughly $4,000 for individuals and $8,000 for joint filers. The increased deduction would be available for tax years 2019 and 2020. Rep. Mark Walker (R-NC) has partnered with Rep. Chris Pappas (D-NH) to introduce an identical version of this legislation in the House.

The lead sponsors on the bill have indicated they are trying to get the expansion included in the next COVID relief package, which is expected in late July. The Senate Finance Committee is also considering expanding the universal charitable deduction in the next package, but committee members are also interested in adding compliance provisions to reduce the cost to the federal government and avoid fraud.

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Southeastern Council of Foundations
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