Clients’ Charitable Giving Slumps Following Trump’s Tax Code Changes, Market Volatility
Alex Brill was quoted in Financial Advisor IQ on charitable giving.
““We find that the law will reduce charitable giving by 4% to $17.2 billion in 2018 according to a static model and $16.3 billion assuming a modest boost to growth,” Brill writes in the paper.
In a telephone interview, Brill says he based those projections solely on the consequences of the increased standard deduction. Many other economic factors could swing charitable contributions up or down. “It was assuming nothing else in the world changes,” Brill says.”