There has been much discussion surrounding the tax bill and its potential impact to philanthropy. Some say that the tax bill will increase philanthropic donations since wealthier Americans will have more disposable income than they did prior to the bill. Others say that the tax bill will prevent middle- and lower-income Americans from donating, thus lowering the total dollars given to nonprofit organizations. At this point, only time will tell.
However, I am proud to say that at AltaMed, our supporters care about the tax implications of their generosity. More than that, our supporters care about the tremendous impact they have on our community. When talking to our supporters, we hear that they would like to be involved with AltaMed for the following reasons:
- In the communities they live and work, anybody who is sick or has a sick child should have the right care at the right time.
- Philanthropy and community involvement is important and they wish to pass their “social leadership” –or community involvement- to their children.
- They like to make sure that their philanthropic dollars make a difference in their community and see the impact their dollars have at AltaMed.