According to a NACUBO executive, many universities fear charitable giving will decline due to changes included in the Tax Cuts & Jobs Act, saying that it:
- Reduces the need to itemize write offs such as charitable contributions
- Will increase the cost of making gifts
While proponents of the reform believe there will be little impact, it's widely accepted that the number of charitable contributions will decline.
With that said, the aggregate value of donations may not take a big hit. Why? According to our nonprofit expert, Mary Jane Bobyock, 98% of fundraising comes from wealthy donors. "I don't think contributions will be as impacted as some in higher education think. Some schools that are already maintaining and developing relationships with large donors aren't as worried."
For more on how the Tax Cuts & Jobs Act may impact charitable giving among higher education, read the full article.
Keeping up with trends
Nonprofit organizations face a continually changing and challenging market environment. Working with an established nonprofit team can help keep your investment committee aware of the latest trends and changes.
Information provided by SEI Investments Management Corporation (SIMC), a registered investment adviser and wholly owned subsidiary of SEI Investments Company.