Brief What Does the Fiscal Cliff Deal Mean for Nonprofits?
Joseph Rosenberg, C. Eugene Steuerle, Katherine Toran
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This fact sheet examines the effects of the American Taxpayer Relief Act of 2012 (ATRA) on charitable giving. The major individual income tax provisions are estimated to increase giving by $3.3 billion or 1.5 percent, relative to 2012 law, mainly because of the increase in the top marginal tax rate. Numerous other smaller provisions will also affect charitable giving.
Research Areas Economic mobility and inequality Nonprofits and philanthropy
Tags Fiscal policy Nonprofit data and statistics
Policy Centers Center on Nonprofits and Philanthropy Urban-Brookings Tax Policy Center