Obama tax plan could hurt charities, consultant says
President Obama’s budget proposal to increase taxes on wealthy households and couples — who represent less than 3 percent of U.S. households but make 43.5 percent of individual charitable contributions — and to limit their deduction for charitable giving, could force the shutdown of some charities, including those serving people hurt by the recession, many of which already have had to lay off workers, the head of a firm that advises ministries on their marketing and fundraising wrote in a guest column in The Washington Post June 10 (see charitable deduction story).
State budget impasse forced charity cuts
A survey by United Way of Pennsylvania found that 61 percent of nearly 350 human-services agencies across the state cut services because of state lawmakers’ impasse last year over the state budget, United Way’s chief wrote in an opinion column in the Patriot-News June 11 (see United Way story).
Cambridge University first school outside U.S. to raise over a billion
Cambridge University in England has raised over one billion pounds, or over $1.46 billion, in a fundraising campaign, the first university outside the U.S. to raise that much through fundraising, the Press Association reported June 10 (see Cambridge fundraising story).