Roughly 22 million fewer people claimed a tax benefit from their charitable giving in 2018 than in 2017, thanks primarily to the higher standard deduction threshold established under the Tax Cuts and Jobs Act of 2017. According to a study by Giving USA, inflation-adjusted individual charitable contributions decreased by 3.4% from 2017 to 2018.
Xpress sat down with a number of recently formed local nonprofits, as well as experts in the field, to better understand the challenges these newbies face.
Thirty years is a long time to devote to any pursuit, and Karen Cragnolin, the oft-honored founding mother of RiverLink, can attest to that. During that time, she says she held every job in the organization and was planning to finally move on this year when, during surgery, she suffered an aneurysm that robbed her […]
In fulfilling their mission to help make Western North Carolina’s communities more sustainable, our nonprofits rely on grants, fees and donations to continue fulfilling their charitable missions. A sustainable cycle of giving and receiving lies at the core of their survival. Nonprofits are deeply woven into the fabric of WNC. They provide direct services, such as […]