Due to our nation’s recent political changes, there is uncertainty about where charitable giving is headed. Trump optimists say that if he expands the economy, there will be additional wealth, which will lead to more giving. This along with tax cuts should allow the wealthiest people to continue leading the category for the most charitable contributions. However, the wealthiest people often give to get their name put on a building rather than to those in need, so it is important to have a wide array of givers. As we wait for these events to unfold, we should not forget that December is the biggest giving month and look to the positive of the future of charitable giving.
See Albert R. Hunt, Where Charitable Giving May Head with Trump, Bloomberg, November 27, 2016.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
