Comments on: Roundup: The Economy’s Impact on Nonprofits & What to Do About It http://www.stepbystepfundraising.com/economy-impact-nonprofits-what-to-do/ Fundraising Resources for Non Profit Organizations Mon, 06 Feb 2012 18:33:35 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Sandy Rees http://www.stepbystepfundraising.com/economy-impact-nonprofits-what-to-do/comment-page-1/#comment-21519 Sandy Rees Mon, 02 Mar 2009 15:45:04 +0000 http://stepbystepfundraising.com/?p=983#comment-21519 Regardless of what the economy is doing, I think it's critical to stay positive. If you buy into the “doom and gloom” thinking that is so pervasive right now, your fundraising results will shrink. Lots of people are scared right now. And many are tightening up whether they really need to or not. Don’t get scared too. You’ve got to stay positive and focused on the mission of your organization. Here's a recent post on my blog with a short test to see if you have your head in the game. http://www.getfullyfundedblog.com/?p=445 Sandy Rees Fundraising Coach Regardless of what the economy is doing, I think it’s critical to stay positive.

If you buy into the “doom and gloom” thinking that is so pervasive right now, your fundraising results will shrink. Lots of people are scared right now. And many are tightening up whether they really need to or not. Don’t get scared too. You’ve got to stay positive and focused on the mission of your organization.

Here’s a recent post on my blog with a short test to see if you have your head in the game. http://www.getfullyfundedblog.com/?p=445

Sandy Rees
Fundraising Coach

]]> By: Sandra Sims http://www.stepbystepfundraising.com/economy-impact-nonprofits-what-to-do/comment-page-1/#comment-21364 Sandra Sims Fri, 27 Feb 2009 20:53:09 +0000 http://stepbystepfundraising.com/?p=983#comment-21364 Thanks for the clarifications and observations Carol. I would be curious to see statistics on nonprofits across the board, what the average donation per person per year is. The stat on foundation vs. individual giving is like 80/20, with more revenue coming from individuals. Of those individuals what percentage is from large donations over the current limits. <br /><br /> If an organization has major donors who may fall into that category, I imagine two courses of action (not mutually exclusive): 1. seek to further communication with the major donor to continue a good relationship. 2. cultivate more donations from a wider pool, micro-donations and monthly giving programs for example. Thanks for the clarifications and observations Carol. I would be curious to see statistics on nonprofits across the board, what the average donation per person per year is. The stat on foundation vs. individual giving is like 80/20, with more revenue coming from individuals. Of those individuals what percentage is from large donations over the current limits.

If an organization has major donors who may fall into that category, I imagine two courses of action (not mutually exclusive): 1. seek to further communication with the major donor to continue a good relationship. 2. cultivate more donations from a wider pool, micro-donations and monthly giving programs for example.

]]> By: Carol Topp, CPA http://www.stepbystepfundraising.com/economy-impact-nonprofits-what-to-do/comment-page-1/#comment-21354 Carol Topp, CPA Fri, 27 Feb 2009 16:54:31 +0000 http://stepbystepfundraising.com/?p=983#comment-21354 This limit on charitable deductions for high income taxpayers is only a proposal put out by Pres Obama. It's is not part if the American Recovery and Reinvestment Act passed on Feb 17. There is so much legislation flying around that its hard to keep straight what has passed and what is proposed. Itemized deductions are already limited for taxpayers with AGI over $159,950. See this IRS Publication: http://www.irs.gov/publications/p17/ch29.html I've yet to see a comparison between the current limitation and Obama's proposal. In general, a new limit on deductions might discourage some giving, but probably not much more than the current limits, IMHO. Carol Topp, CPA This limit on charitable deductions for high income taxpayers is only a proposal put out by Pres Obama. It’s is not part if the American Recovery and Reinvestment Act passed on Feb 17. There is so much legislation flying around that its hard to keep straight what has passed and what is proposed.

Itemized deductions are already limited for taxpayers with AGI over $159,950. See this IRS Publication:
http://www.irs.gov/publications/p17/ch29.html

I’ve yet to see a comparison between the current limitation and Obama’s proposal.

In general, a new limit on deductions might discourage some giving, but probably not much more than the current limits, IMHO.

Carol Topp, CPA

]]> By: Debbie Gould http://www.stepbystepfundraising.com/economy-impact-nonprofits-what-to-do/comment-page-1/#comment-21348 Debbie Gould Fri, 27 Feb 2009 15:59:57 +0000 http://stepbystepfundraising.com/?p=983#comment-21348 What impact will the changes in tax deductions for charitable giving for those making over $250,000 have on non-profits? As I understand it households in the 35 percent bracket would see the value of their itemized deductions capped at 28 percent. ( a household w/ an income above $250,000, itemized deductions of $10,000 that are now worth a $3,500 tax break would be worth only $2,800. Several folks I know on non-profit boards and working in the non-profit sector are very concerned this will have a negative impact on their ability to maintain programs. What impact will the changes in tax deductions for charitable giving for those making over $250,000 have on non-profits? As I understand it households in the 35 percent bracket would see the value of their itemized deductions capped at 28 percent. ( a household w/ an income above $250,000, itemized deductions of $10,000 that are now worth a $3,500 tax break would be worth only $2,800.

Several folks I know on non-profit boards and working in the non-profit sector are very concerned this will have a negative impact on their ability to maintain programs.

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