There is still time to give to charity and claim a deduction on your taxes, whether you itemize or not, but the temporary pandemic-era deduction expires Friday, the last day of 2021.
The charitable deduction allows a single person to claim a $300 donation, $600 per couple, without the hassle of itemizing.
Liz Moore, executive director of the Montana Nonprofit Association, said now is the time to give.
"$300 goes a long way for little community nonprofits in allowing them to serve and have less reliance on government," Moore pointed out.
Montana is home to about 7,200 charitable nonprofits helping the community in a multitude of ways: addressing issues such as homelessness or hunger, by supporting things like after-school programs, affordable health care, the environment, the arts and more.
Overall, charitable giving is up over the past few years, mainly due to the generosity of mega-donors, but small donations are down.
A study from Indiana University released in July found fewer than half of Americans donated to charity in 2018, down from two-thirds in 2000.
Moore noted it fell after tax reform in 2017 doubled the standard deduction, which may have helped consumers but hurt nonprofits relying on small donations.
"So 90% of all filers can use the standard deduction," Moore stated. "That means they're going to give less, because they don't need it to get that deduction."
Donors are advised to make sure you keep the receipt, so you have proof of the gift when you file taxes this spring.
Disclosure: Montana Nonprofit Association contributes to our fund for reporting on Civil Rights, Environment, Health Issues, and Social Justice. If you would like to help support news in the public interest,
click here.
get more stories like this via email
The holiday season is here and households in North Dakota and elsewhere might encounter sensitive conversations about lending money to a loved one in need.
There is emerging research about removing stigma and embracing mutual financial support. Higher housing costs, student loan debt and other factors have forced more generations of U.S. families to live under the same roof.
Jeffrey Anvari-Clark, assistant professor of social work at the University of North Dakota, said there is still a narrative about "rugged individualism" and it can be taboo to ask for help in covering expenses. He argued families need to feel comfortable in having these talks.
"There is a balance, I think, between having good independence and taking care of yourself," Anvari-Clark pointed out. "But there does also come a time when you need to receive help from others. "
Anvari-Clark has led research on the topic of "financial interdependence", noting it looks different for each family, as well as many cultures around the world. In America, he thinks financial literacy should stress the importance of saving money to help others in your life and not just building your own nest egg. He acknowledged the need to set clear boundaries because too much support can strain these relationships.
Anvari-Clark emphasized another hurdle to overcome is not letting the person asking the help to carry a lot of shame for past financial mistakes. He sees it as a learning opportunity.
"I'm taking this sense of regret and I'm doing something positive with it to improve my chances moving forward," Anvari-Clark explained.
GoFundMe campaigns are a popular way for people to raise money for someone in a bind. But Anvari-Clark added it does not just have to be a financial donation. At the community level, he sees households buying groceries in bulk to save money or getting creative with child care needs, as ways to embrace this mindset of mutual assistance.
get more stories like this via email
An event in Phoenix today will celebrate and highlight the power of collective giving in the Grand Canyon State.
Ilyasah N. Shabazz, senior operations and communications director for the organization Philanthropy Together, said Arizona is among the states with some of the most diverse set of "giving circles" advocating for a wide range of issues that affect local communities.
These groups bring together folks with shared values to decide where they should invest a gift, which Shabazz added isn't always financial.
"It is also about using our voice," said Shabazz, "so when you see that there are people advocating, they're using their voice, they're giving their time and volunteering their talent."
Shabazz called collective giving a "movement" in Arizona.
Circle Up Arizona's free event will take place from 5:30 to 7:30 p.m. at the Anchor Centre Building Courtyard.
The event is open to all current giving circle members, collective giving networks, and anyone looking to learn more.
Shabazz said groups in Arizona are coming together around a range of issues - ranging from affordable housing, to helping protect and preserve and responsibly manage Arizona's natural resources, to supporting initiatives and giving circles that are led by leaders that are from communities of color.
She added that giving circles not only help communities, but members themselves.
"That could mean with their professional pursuits, but also a lot of giving circles who are finding belonging by being part of these groups," said Shabazz, "and when you think about the trends in loneliness and isolation, those feelings that individuals are having, a lot of people are happy to join these groups and find community."
Research shows three-fourths of those who participate in collective giving report an increased belief in their social influence and feeling that their voices matter on social issues.
Shabazz added that women have also been an influential force within the movement, with 84% of giving groups reporting more than half of their membership is female.
get more stories like this via email
CORRECTION: An earlier version of this article incorrectly stated that Century 21 had raised more than $30 million. The correct amount is more than $3 million. (5:48 p.m. MDT, July 24, 2024)
More than 60 million Americans identify as disabled and many of them turn to nonprofit agencies such as Easterseals for therapy and other assistance.
The organization that became Easterseals was founded more than 100 years ago and has become the largest nonprofit health care agency in the country.
Kendra Davenport, president and CEO of Easterseals, said seeing to the health and wellness of more than 1.5 million people with disabilities is only possible with its team of national corporate sponsors, who collectively raise millions of dollars each year.
"It's critical because, unlike a for-profit, nonprofits have to raise their budget, whether they're raising it through government grants, foundation grants or corporate funding," Davenport pointed out. "And then, of course, there's the funding that comes in through individual donations. That's what sustains nonprofits."
As an example, Davenport cited Century 21 as a partner, raising more than $3 million in 2023 and $138 million during the life of its affiliation.
Easterseals has more than a dozen other corporate partners, including companies like Comcast-NBCUniversal, Coca-Cola and Delta Air Lines.
Davenport explained Easterseals got its name in 1934 from the practice of having donors put a stamp or seal on their donation envelopes. She noted the organization and its dozens of local affiliates work to enhance quality of life and expand local access to health care, education, and employment opportunities for children and adults.
"We provide essential services and on-the-ground support to millions of individuals and their families every year, from early childhood to the critical first five years," Davenport emphasized. "These include autism services, transportation, medical rehab and employment programs that target and assist veterans and senior citizens."
She added it is an ongoing challenge to extend the Easterseals brand because, despite more than a century of service, very few people understand the scope of what the organization does.
"Sixty-one million Americans identify as being disabled," Davenport reported. "That's a quarter of the American population. More people need to understand just how many people are disabled so that we can ensure that our world becomes more inclusive, more equitable and more accessible."
get more stories like this via email