A $20 billion drop in charitable giving in the first year of the 2017 Tax Cuts and Jobs Act’s (TCJA) implementation was caused by the law’s change to the standard deduction for individual income taxes, a new study published today in NBER finds. The research provides the first available estimates for the dollar amount of TCJA’s impact on giving.| Lilly Family School of Philanthropy
The One Big Beautiful Bill was signed into law on July 4, 2025, introducing a range of provisions that will affect how individuals, companies, and workplaces support the causes they care about. While much remains uncertain about how this legislation will influence individual and corporate giving, we anticipate that its provisions will introduce additional layers…| America's Charities