Experienced a Dip in Last Year’s Giving? How Nonprofits Can Mitigate the Impact of Tax Reform
How greatly tax reform will impact charitable giving remains to be seen. Nevertheless, while some changes have led certain organizations to reap lower-than-normal annual giving amounts in 2018, the upside is that it has also prompted many others to turn a new eye toward their operations, financial management, and tax planning strategies.
NC nonprofits fared well overall in this round of state tax changes
Nonprofit tax exemptions and incentives for charitable giving are at the heart of the bill overhauling North Carolina’s tax system, which Governor Pat McCrory signed into law last week.
Proposed budget offers mixed news for North Carolina nonprofits
North Carolina Governor Pat McCrory released his budget proposal for the next two years. Overall, the 323-page proposal – which includes a 2 percent increase in state spending for next year– offers mixed news for nonprofits.