Charitable Donations In New Jersey Increasing During Holidays But Still Lower Than Last Year
By Phil Gregory, WBGO News
Trenton. December 20, 2011
Donations usually increase during the holiday season.
Linda Czipo, the executive director of the Center for Non Profit Organizations, says people looking for a tax deduction may also make year-end contributions to charities.
“At the moment at least gifts to charity for people who itemize on their tax returns are still tax deductible. People may be looking at their tax outlook for the coming filing season and they may decide that they would like to take advantage of the tax incentive.”
Even with the increase this month, Czipo says donations are down from a year ago.
“You’ve got sustained levels of unemployment. People who perhaps used to give to nonprofits are now looking to nonprofits for help. For organizations that are dependent on government funds that’s also a distressing situation because government funds have been cut at all levels.
Czipo does not expect there will be a significant increase in the amount of money given to charities until the economy improves.
“When people are more secure in their jobs, when people who are looking for jobs actually have them, when foundation and corporate portfolios come back, when things stabilize, that will make a big difference.”
© 2011 WBGO News
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