The American Red Cross regularly touts how responsible it is with donors' money. "We're very proud of the fact that 91 cents of every dollar that's donated goes to our services," Red Cross CEO Gail McGovern said in a speech in Baltimore last year. "That's world class, obviously."
If you’ve been here long, you won’t be shocked to hear that I’m not impressed by a lot of what American conservatives have to say about domestic poverty. (Though I do appreciate the basic political courage it takes for an elected official to even use the word.)
But there is at least one idea from the right that I’m more or less on board with: we should be very careful about cutting the tax deduction for charitable contributions.
The recession continued to affect how much Americans gave to charity last year, and the triple whammy of Superstorm Sandy, a national election and the looming fiscal cliff may cut how much we donate in the crucial final month of 2012, experts say.
It's not what the headlines are highlighting, but Mitt Romney's 2010 tax return
includes one impressive fact: his charitable contributions amounted to
$7 million. I know, this hardly put him at risk of losing one of his houses
and ending up out on the street till his driver could pick him up and
take him to one of his other houses. Still, giving away almost a third
of your income is nothing to sneeze at.
This compact, valuable book brings together the most important current research on faith and money. Mark Chaves, associate professor of sociology at the University of Arizona, and Sharon Miller, a doctoral candidate in sociology at the University of Notre Dame, have gathered essays by such prominent scholars as Dean Hoge, John and Sylvia Ronsvalle, Robert Wuthnow, Loren Mead and John Mulder.
Religious organizations reported a 5.5 percent increase in donations last year, a marked contrast from the nationwide 2 percent decline in charitable giving, according to a study by the Giving USA Foundation.