Budget makes it harder for charities to raise funds | Josie Pagani

STRAIGHT AND TRUE

Budget makes it harder for charities to raise funds

I did not expect the Government to decide that too many people are giving too much money to charities.
It is removing the tax exemption for major acts of philanthropy, limiting deductions to $100,000

Regular small donations from generous Kiwis, the bedrock of all charities, are drying up. The cost of living is increasing demand at the same time it is reducing families’ ability to help out. But charities are growing more dependent on big contributions from major donors, philanthropists, and family foundations. These are the donations targeted in the budget.

But charities are growing more dependent on big contributions from major donors, philanthropists, and family foundations. These are the donations targeted in the budget.

Josie's column in The Post is here.

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