by Melanie Coulson, Jay Clayton, and Jennifer Fusco
The holidays are a time for giving gifts to family and friends… and to nonprofit organizations. In fact, more money is donated during November and December than in other months. The numbers vary by survey, but nonprofits report anywhere from 30-50% of giving occurs during the holiday season.
Both the House of Representatives and Senate tax-reform bills that are being reconciled in conference committee will likely significantly change the way tax law governs charitable giving. There is speculation about how this would affect charitable giving overall. Once the law is finalized, we will provide comprehensive advice on how to approach this situation.
For now we recommend that you stay focused on the current tax deductibility of gifts and avoid speculative pitches or language when talking to donors. As with other legislative actions and threats, keep it simple and stick to the facts.
These six points will help you make the most of this vital year-end fundraising opportunity.
1. Be weekend-ready.
December 31st falls on Sunday this year. Prepare to accept gifts from your listeners on Saturday, December 30th and Sunday, December 31st. Make sure your shop is up and running in the same way it would be were these two critical fundraising days to fall on weekdays. Remind your listeners that you will be available to them even on the final weekend of the year.