Southern Indiana Living

NOV-DEC 2018

Southern Indiana Living magazine is the exclusive publication of the region, offering readers a wide range of coverage on the people, places and events that make our area unlike any other. In SIL readers will find beautiful photography, encouraging s

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Nov/Dec 2018 • 6 The Tax Cuts and Jobs Act, which contains new tax reforms negotiated by Congress and signed into law by the president, is causing several people and organizations across our nation, including nonprofits, to worry. Some nonprofit leaders have expressed deep concerns that the elimination of the charitable tax deduction as a result of the legislation will drastically reduce support from donors. This did not occur during previous tax reforms, and we do not believe it will occur now. Many studies over the years have shown the tax break is not the motivator for charitable giving. We Americans give because we believe in the work of the nonprofits we support. We like to help others and make our communities a better place to live. We love our churches, our schools and youth sports. We abhor the reality of hunger and loathe the abuse of the vulnerable. The tax break is, or rather was, just icing on the cake for our charitable giving. Our nonprofits are still out there teaching, feeding, protecting, healing and entertaining. They need our financial support no less today than they did before the new tax reform legislation was passed. Everyone in our community can continue to give time, talent and treasure to help our nonprofits. It won't hurt a bit to go without the icing. We encourage you to partner with us to support your favorite charitable causes. You can donate lots of ways, including cash, check, online, securities or agricultural products. You can also establish an endowment fund or plan your giving by leaving HCCF in your will or estate plan, so you can leave a lasting legacy. For more information, review our website at www.hccfindiana.org, or give us a call at 812-738-6668. nonprofit SUPPORT: no icing needed The tax break was just icing on the cake. It won't hurt a bit to go without the icing.

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