New study projects $17 Billion drop in US charitable giving for 2018

The American Enterprise Institute (AEI) released a study that estimates charitable giving will decline by more than $17 billion in 2018 due to last year’s overhaul of the tax code by the Trump administration.

According to The Hill, “AEI researchers estimated that of the projected $17.2 billion decline in giving, $14.2 billion of the reduction will be due to the bigger standard deduction and $3 billion will be due to other provisions in the tax law.

[Council on Foundations]

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