April 8, 2019
Hartford Business Journal quoted Nonprofit Tax Leader Frank Smith in an article about the impact of the new tax law on fundraising.
Hartford Business Journal
By Sean Teehan
Excerpt:
For larger donors with tax advisors, there’s a good chance donation habits will change, even if the amount of money given doesn’t, Smith said. That might include methods like bundling donations, or paying twice the amount donors typically would one year, but pay nothing the next year, in order to surpass the standard deduction threshold and get a tax benefit.
