You already know how tough it can be to secure the funding needed to support your cause. With passage of the recent tax reform bill, it may get even tougher.
As reported by Fox Business, CBS Money Watch, Forbes and more, the new tax bill doubles the standard deduction for individuals and families. This means an estimated 21 million taxpayers will likely not itemize their giving for 2018.
While the change won't affect the giving of those who are truly passionate about your cause - historically, itemizers are almost twice as likely to donate to charity and comprise more than 80 percent of total giving.
One bright spot: The increased deduction puts more money into the pockets of those who give small to mid-size gifts.