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Charitable Giving & Taxes


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Prior to the financial crisis and subsequent recession, the value of tax benefits for charitable contributions and organizations was estimated to be around $100 billion per year. About half of this cost arose from the deductions for charitable contributions with the other half from exemptions of earnings of non-profits. In 2010, the deduction for charitable contributions results in an estimated $40 billion in federal revenue losses. On average, endowment investments in 2009 experienced losses, meaning that the federal ...

Charitable Giving & Taxes 2012, Nova Science Publishers, Hauppauge, NY

ISBN-13: 9781621006961

UK edition