The Enid News and Eagle, Enid, OK


December 10, 2012

Nation’s looming ‘fiscal cliff’ could hurt charities

ENID, Okla. — You’ve heard the horrors of the “fiscal cliff.”

The Pew Center on the States released an executive summary on the fiscal cliff’s impact. The findings weren’t surprising:

• Stabilizing the national debt will help states in the long term.

• States only have a limited capacity to handle further fiscal and economic pressures.

• All of the federal uncertainly complicates the ability for states to plan, a point echoed recently by Oklahoma Gov. Mary Fallin.

Beyond the states, what does the fiscal cliff specifically mean for nonprofit organizations? And will Congress take the charitable giving incentive that supports the work of all charitable nonprofits?

Rush Limbaugh said charity is willingly given from the heart. Locally, the Enid Community Foundation has benefited from some large charitable gifts.

According to the Oklahoma Alliance of Nonprofits, the fiscal cliff poses real danger, and immediate action must be taken to influence the outcome. The alliance serves the sector through group-buying discounts, networking and by providing a community and legislative voice.

The alliance is urging advocates to tell Washington to support nonprofits by opposing arbitrary cuts and protecting charitable giving.

According to The Associated Press, The Charitable Giving Coalition is afraid benevolent donations will suffer if they aren’t tax deductible anymore. Coalition members include the Evangelical Council for Financial Accountability, the American Red Cross and the Association of Fundraising Professionals.

Reducing or capping itemized deduction values for contributions will hurt charities and their needy recipients. How much?

“All charities will lose revenue, but I expect that educational and health organizations will be hit the hardest, while religious and social-service organizations will be affected the least, as their donor base is skewed toward lower-income households who are less likely to enjoy tax credits to begin with,” Huseyin Yildirim, associate professor of economics at Duke University, told the Washington Times.

The Christian Science Monitor posed the question, “Will the fiscal cliff hurt charities the most?”

Unfortunately, that may be the case. Raising revenue without discouraging giving is a tricky equation added to an already complicated economic situation.

Text Only
  • Jeff Mullin mug 2012.jpg David, Goliath at it again in Gaza Strip

    Israel has long seen itself as David, standing firm against a hostile neighborhood full of Goliaths.

    July 24, 2014 1 Photo

  • DHS must come up with future plans for NORCE, SORC facilities after they are closed

    NORCE is scheduled to close in August 2015. Currently, 15 residents remain at the facility, awaiting transfer to a private setting, and there also are 60 state employees on the NORCE payroll.

    July 24, 2014

  • Never leave a child or a pet alone in a car

    With temperatures soaring to near or above 100, parents need to know they can’t leave their children alone in a locked vehicle. In 10 minutes, a vehicle’s temperature can climb 19 degrees. A child’s body heats up three to five times faster than an adult’s, and it only takes a few minutes before a child can become dangerously overheated, according to Safe Kids USA.

    July 23, 2014

  • Will Rogers web.jpg Will Rogers Daily Telegrams 7-24-2014

    I am beginning to believe that Mellon is the poorest Treasurer we ever had. I would like to be Treasurer. Here would be my policy, and you see if it wouldn’t be the best thing for America:
    Save nothing, have nothing in there. Then Congress and the entire nation could have nothing in view only what they made themselves.
    A Candidate.

    July 23, 2014 1 Photo

  • Jeff Mullin mug 2012.jpg State of the state: Things are not as good as they could be

    Draper wants to split Cali up into six separate states — Silicon Valley, around the San Francisco Bay Area; Central California, including cities like Bakersfield; West California, including Los Angeles and its suburbs; South California, including San Diego; North California, centered on Sacramento and Jefferson, in the far northern part of the state.

    July 22, 2014 1 Photo

  • Voters have decisions to make in August races

    Democrats will have two runoffs to decide. One will be choosing their party’s nominee for state superintendent. Freda Deskin will face John Cox. The winner will face Republican nominee Joy Hofmeister in the November general election.
    The other race is for the party nominee to replace retiring U.S. Sen. Tom Coburn. Jim Rogers will face Connie Johnson. The winner will face Republican nominee U.S. Rep. James Lankford in November.

    July 22, 2014

  • Going postal

    Waukomis residents have the opportunity to have their voices heard in regard to the future of their post office.

    July 22, 2014 1 Story

  • New dorm

    Breaking ground on a new dormitory at Northern Oklahoma College Enid is another step in the evolution of the campus.

    July 20, 2014 1 Story

  • Jeff Mullin mug 2012.jpg Stars in our eyes

    We caught the vision when, in May of 1961, John F. Kennedy told Congress, and the world, that the space race was no longer to be so one-sided.
    “First, I believe that this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the moon and returning him safely to the Earth,” he said.

    July 19, 2014 1 Photo

  • thumbs up logo.jpg Thumbs up for northwest Okla. communities, where net taxable sales figures are up

    Net taxable sales were up $1,917,774 in Enid, when compared to sales reported in July 2013. The increase amounted to a 2.6 percent increase in sales tax revenue for the city.

    July 19, 2014 1 Photo

Featured Ads
House Ads