Charitable Extension Proposal – Good, Bad or Indifferent?

Here are the results from the poll this week on the Charitable Extension Proposal (that passed the House) which will give donors until April 15 to get their tax deductible gifts in for the previous year.

And, the positives win!

Click the image for a closer look at the results!

Results for poll 7.25.14

Seeing the responses (20 on the positive side and 9 on the negative side), I am thinking that everyone is right. Will help some donors, for sure.  Will cause confusion and possibly dilute the power of 12/31 (actually, it’s not likely people will change their patterns of giving, it’s too ingrained).

But, overall, I think the positives outweigh negative. Here is a quote from my Linkedin group postings that opened my eyes to the opportunity:

“It gives the not-for-profit an extra opportunity during the months of January, February, and March to appeal to donors with multi-channel fundraising campaigns rather than relying on end of year giving appeals.”  Margot Steinberg, Associate Vice President, Major Gifts at Win

I am not sure about multi-channel fundraising but I am sure that new options from a tax standpoint are almost always helpful.  Gives us something to alert donors to, engage in conversations and you never know, maybe people seeing how much they may owe in taxes will do some retroactive giving before they file their taxes!

Thank you to all who participated!

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