Comments on: Talking Points Lite http://washingtonindependent.com/32251/talking-points-lite National News in Context Tue, 31 Jan 2012 02:40:51 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: HG http://washingtonindependent.com/32251/talking-points-lite/comment-page-1#comment-35855 HG Wed, 04 Mar 2009 07:21:03 +0000 http://washingtonindependent.com/?p=32251#comment-35855 While foundations do give to charities, the majority of giving comes from individuals. (The Giving USA Foundation says 83 percent of charitable giving comes from individuals. The wealthy donate at twice the rate of other income groups.) And as the Dow continues its freefall, the endowments of most foundations decrease and, hence, foundation giving decreases. A 2006 poll by Bank of America found that limiting deductions would affect the giving decisions to varying degrees of 45 percent of donors. <br><br>While deWater's 1.3% estimate may seem like charitable giving will be minimally affected, one must take into account that in 2006, Americans gave more than $295 billion to charities. So losing 1.3% of giving would be losing $386 million in giving! That's a lot of services that would no longer be provided. Additionally, it's probably going to be a lot of jobs in the nonprofit sector that are going to be lost, courtesy of the US government. While foundations do give to charities, the majority of giving comes from individuals. (The Giving USA Foundation says 83 percent of charitable giving comes from individuals. The wealthy donate at twice the rate of other income groups.) And as the Dow continues its freefall, the endowments of most foundations decrease and, hence, foundation giving decreases. A 2006 poll by Bank of America found that limiting deductions would affect the giving decisions to varying degrees of 45 percent of donors.

While deWater's 1.3% estimate may seem like charitable giving will be minimally affected, one must take into account that in 2006, Americans gave more than $295 billion to charities. So losing 1.3% of giving would be losing $386 million in giving! That's a lot of services that would no longer be provided. Additionally, it's probably going to be a lot of jobs in the nonprofit sector that are going to be lost, courtesy of the US government.

]]> By: HG http://washingtonindependent.com/32251/talking-points-lite/comment-page-1#comment-19954 HG Tue, 03 Mar 2009 23:21:03 +0000 http://washingtonindependent.com/?p=32251#comment-19954 While foundations do give to charities, the majority of giving comes from individuals. (The Giving USA Foundation says 83 percent of charitable giving comes from individuals. The wealthy donate at twice the rate of other income groups.) And as the Dow continues its freefall, the endowments of most foundations decrease and, hence, foundation giving decreases. A 2006 poll by Bank of America found that limiting deductions would affect the giving decisions to varying degrees of 45 percent of donors. <br><br>While deWater's 1.3% estimate may seem like charitable giving will be minimally affected, one must take into account that in 2006, Americans gave more than $295 billion to charities. So losing 1.3% of giving would be losing $386 million in giving! That's a lot of services that would no longer be provided. Additionally, it's probably going to be a lot of jobs in the nonprofit sector that are going to be lost, courtesy of the US government. While foundations do give to charities, the majority of giving comes from individuals. (The Giving USA Foundation says 83 percent of charitable giving comes from individuals. The wealthy donate at twice the rate of other income groups.) And as the Dow continues its freefall, the endowments of most foundations decrease and, hence, foundation giving decreases. A 2006 poll by Bank of America found that limiting deductions would affect the giving decisions to varying degrees of 45 percent of donors.

While deWater's 1.3% estimate may seem like charitable giving will be minimally affected, one must take into account that in 2006, Americans gave more than $295 billion to charities. So losing 1.3% of giving would be losing $386 million in giving! That's a lot of services that would no longer be provided. Additionally, it's probably going to be a lot of jobs in the nonprofit sector that are going to be lost, courtesy of the US government.

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