Subscribe  |  Contact  |  Advertise  |  RSS Feed Other Publications

Wednesday, 19 December 2012 00:00

Help protect local nonprofits from fiscal cliff fallout

Written by 

To the Editor:

As the executive director of Cherokee Preservation Foundation for the past 10 years, I’ve seen the tremendous value that a wide range of wonderful nonprofits contribute to our region. Unfortunately, the federal “fiscal cliff” poses a serious threat to Western North Carolina’s nonprofit sector and the communities and people who depend on them — in part because of the effect on every citizen’s personal tax choices. If Congress doesn’t act before Dec. 31, more than $54 billion will arbitrarily be cut from federal programs. Demand for nonprofits’ services would continue to rise while federal funding would decrease — and this on top of declines in funding from individuals, foundations, corporations, and state and local governments.

The proposed cap on itemized deductions would essentially eliminate tax incentives for individuals to give to charitable nonprofits. Most people will deduct first the state/local taxes they’ve paid, and then their mortgage interest. With a cap on itemized deductions, it’s unlikely each of us would have any room left to deduct charitable contributions. The charitable tax deduction is a unique aspect of Americans’ ability to support the causes they care about. Gutting it would pull the rug out from under those very organizations and causes that keep our communities glued together.  

Please join me in contacting our elected leaders and asking them not to throw our communities off the fiscal cliff.  

Susan Jenkins


blog comments powered by Disqus
Read 1311 times


blog comments powered by Disqus

This Must Be the Place

  • This must be the place

    art theplaceI’m alone, again.

    As of last Tuesday, I am newly single. To be honest, I’m not happy about that fact. Not one bit. This was the relationship where I felt she was the “one,” a person I truly could see myself marrying and having a family with. That notion — a wife and kids — has been the furthest things from my mind for years.

    Written on Wednesday, 15 October 2014 14:26