The number of individuals supporting charitable organizations around the world appears to be shrinking. In Australia, a recent study found that 81% of Australian adults gave a total of $12.5 billion dollars to charities over 12 months in 2015/16, up from $7.7 billion in 2005. In 2016, the average donation was $764.08 and the median donation was $200. However, the research also pointed to a trend of fewer people giving more. While the percentage of people donating slightly decreased, the average donation increased in real terms by $210.16.
With the holidays right around the corner, most lawmakers have left Washington for the year. Congress is now in recess, save some brief pro forma sessions meant to thwart any attempts at recess appointments, until the 115th Congress officially convenes on Tuesday, January 3, 2017. Lets take a brief look at how 2016 ended and what we might expect from Congress in 2017.
At the 2016 National Conference on Philanthropic Planning (NCPP), attendees learned many valuable techniques and skills in handling interactions with potential and current donors to their organizations. One session offered was “Pivoting - The Secret to Successfully Handling Difficult Donor Conversations” presented by Anne T. Melvin, Director of Training and Education, Harvard University. The following is a brief snapshot of that session.
On Tuesday November 15th CGP’s contact in Washington, Perry Wasserman, provided a post-election update on 2017 tax issues and the “lame duck” session. Below, Perry answers CGP member's questions from the webinar.
Congress is presently in recess until after the November election, at which point lawmakers will return to DC for a lame-duck session that should pick-up steam in the weeks between Thanksgiving and Christmas. During these waning days of the 114th Congressional session, CGP is monitoring a number of bills that would directly affect charitable giving incentives. These bills include:
Key federal lawmakers are continuing to focus their attention on college and university endowments, particularly those endowments exceeding $1 billion in value. Last month, for example, the Ways & Means Oversight Subcommittee held a hearing which examined rising college costs and how some colleges and universities are using their endowments to fulfill their charitable missions.