Friday, December 03, 2010

Nonprofits Fear Loss of Charitable Tax Deduction - NYTimes.com

Nonprofits Fear Loss of Charitable Tax Deduction - NYTimes.com: "“The administration’s proposal went nowhere, but Pandora’s box was cracked open then,” said Diana Aviv, president of the Independent Sector, a trade group for nonprofits.

Charities warn that reducing or eliminating the deduction will cause irreparable damage to the nonprofit sector. They said the proposed changes came at a time of sustained and severe declines in donations because of the recession and cuts in government contracts for nonprofits. The charities also noted an increased demand for services."

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