Larry Levin StL
  • Home
  • About
  • Achievements
  • Contact
  • Blog

getting remade after tax bill

1/31/2018

0 Comments

 
Doubling the standard deduction, thus eliminating the charitable deduction for many taxpayers, is expected to have a profound impact on nonprofits, with some estimates at a $2B loss for the year. How can nonprofits respond? There are many ways you can be REMADE:
*R eview your giving programs and levels to maximize your revenue stream while remaining true to your mission and goals.
*E xamine if other revenue sources that may be less dependent on the tax law changes (foundation grants, corporate, planned giving) hold any opportunity.
*M arketing your cause: How does your charity create the affinity case in comparison to others?
*A nalyze as best you can the demographics of your donors to understand how they and you are impacted by the changes.
*D etermine the motivations of your donors: To what extent do they give for affinity versus giving for tax benefit? 
*Evaluate what changes you make and how they're working; there's nothing wrong with trying new things, but ensure you're measuring their effectiveness.
0 Comments
    View my profile on LinkedIn

    Larry Levin

    Attorney, Publisher, Nonprofit Exec, Businessman, Lay leader, Arts and Education Lover, St. Louis booster. 

    Archives

    May 2020
    April 2020
    March 2020
    March 2018
    January 2018
    November 2017
    September 2017
    April 2017

    Categories

    All

    RSS Feed


  • Home
  • About
  • Achievements
  • Contact
  • Blog