Will New $300 Tax Deduction Spur Donations to Charity?
The coronavirus or COVID-19 pandemic has made nonprofit charities in the U.S. and abroad more crucial than ever. They’re a key part of the safety net, providing support to people who are hungry, unhoused, ill, or face other life challenges. Yet the pandemic has impacted donors’ very ability to make contributions, or at least their confidence in parting with hard-earned cash given the uncertainty of the future, economic and otherwise. In a global survey of charities by CAF America, nearly…