Give Now

Tax Reform Could Hurt Charitable Giving

Rooney says lowering the corporate tax rate would reduce corporate giving by an estimated $1.4 billion.

Photo: Flickr

Rooney says lowering the corporate tax rate would reduce corporate giving by an estimated $1.4 billion.

Tax reform changes proposed by Congress could hurt charitable giving more than previously thought.

A study conducted by the Indiana University Lilly Family School of Philanthropy initially estimated a $13.1 billion drop in charitable giving.

The study looked at a 2014 tax proposal, which mirrors bills introduced by Republicans in Congress this year.

Patrick Rooney is Executive Associate Dean for the School of Philanthropy. He says new provisions in the House and Senate bills could reduce charitable giving even further.

“We think that the repeal of the estate tax could reduce charitable bequest giving by as much as $7 billion per year, which would be pretty substantial,” Rooney says.

In addition, Rooney says lowering the corporate tax rate would reduce corporate giving by an estimated $1.4 billion.

Want to contact your legislators about an issue that matters to you? Find out how to contact your senators and member of Congress here.

  • ohhhh

    Could, Estimated , proposal, could, We Think, as much as.

    Seems like they don’t really know.

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Support For Indiana Public Media Comes From

Search News

Stay Connected

RSS e-mail itunes Facebook Twitter Flickr YouTube

Follow us on Twitter

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Recent Politics Stories

Recent Videos

Find Us on Facebook