Average charitable gift increased by 56% in 2019, study finds
Despite changes in tax treatment, philanthropists increased support for nonprofits
Despite concerns that the 2017 Tax Cuts and Jobs Act would have a negative effect on charitable contributions, philanthropists increased their support for the nonprofit sector during 2019, with average gifts that were 56% greater than in 2018, according to a report by BNY Mellon Wealth Management.
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