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If low- and middle-income households received a refundable tax credit for donating to charity, more people would engage in civic life and the nonprofit world would be forced to refocus its priorities on those who don’t itemize their tax deductions. ....
Elizabeth Vermillera, a retired pharmaceutical technician, spends her days handing out donated clothes and food to people in Baltimore. Since 1997, she has lived in the three-level rowhouse on East Monument Street that her dad gave her, a home she shares with a Shih Tzu and a fox terrier.… ....
As prices soar for gasoline, groceries, and other essential items, donors will have less to give and nonprofits and foundations may be forced to make cuts or look elsewhere for funds to cover higher operating costs. Nonprofit leaders, most of whom have no experience dealing with inflation, should start planning now. ....
Thirty-four percent of those charities say they continue to suffer “significant disruption” amid the pandemic, down from 71 percent during the peak of their pandemic-era distress, according to a study from the Federal Reserve. ....