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Experts: Nonprofits should ask donors to accelerate giving

Nonprofits should be urging donors to give more before this year ends because the major new tax law taking effect in 2026 limits the tax advantages of charitable contributions by corporations and wealthier individuals, experts say.The One Big Beautiful Bill Act signed by President Donald Trump in July contained good news and bad news for nonprofits and their donors, said Chris Clarkson, senior vice president and national director of planning for nonprofits and tax-exempt associations and private foundations at Bernstein, a wealth management unit of AllianceBernstein. Clarkson and colleagues were among presenters at CEO Update’s Mastering Nonprofit Reserves workshop on… Read More