InFaith Community Foundation, in partnership with Thrivent Financial, hosted a webinar on March 20 on how the new tax law may affect charitable giving to churches and faith-based nonprofits. Thanks to those who were able to join in on the webinar. If you were unable to attend, a recording is available below.
During the webinar, we discussed:
- Emerging charitable opportunities in light of the recent tax reform
- Implications of the tax reform that may affect your organization
- Giving benefits that remain for individuals and families
There was great conversation and time to ask questions of Chris Andersen, InFaith President and CEO, and Christopher Kopka, President of Thrivent Church Solutions Group.
Begin watching the webinar recording by clicking the image to the right.
InFaith and Thrivent's one-page whitepaper on how tax reform may affect giving to your church or nonprofit is also available for download.
Questions? Please contact InFaith at 800-365-4172.
No products will be sold at this event. InFaith Community Foundation is a public charity that serves individuals, organizations and the community through charitable planning, donor advised funds and endowments. InFaith works collaboratively with Thrivent and its financial representatives.
InFaith Community Foundation, Thrivent Financial and its representatives and employees cannot provide legal, accounting, or tax advice or services. Work with your Thrivent Financial representative, and as appropriate, your attorney and/or tax professional for additional information.
Insurance products issued or offered by Thrivent Financial, the marketing name for Thrivent Financial for Lutherans, Appleton, WI. Not all products are available in all states. Securities and investment advisory services are offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415, a FINRA and SIPC member and a wholly owned subsidiary of Thrivent. Thrivent Financial representatives are registered representatives of Thrivent Investment Management Inc. They are also licensed insurance agents/producers of Thrivent. For additional important information, visit Thrivent.com/disclosures.
Thrivent member activities, such as Thrivent Action Teams, Thrivent Builds, and Thrivent Choice, engage Thrivent members and Thrivent Member Networks in charitable activities, furthering Thrivent's mission and its purposes under state law. You should never purchase or retain any insurance or annuity products simply to be able to participate. Participation is subject to applicable Terms and Conditions. Terms and conditions available at Thrivent.com.
According to the IRS, 30% of 2015 tax filers itemized deductions. This webinar includes the statement that some financial experts estimate that as little as 11% of people’s giving is itemized for tax purposes. This estimated percentage is based on the following unreported giving: 1) charitable giving by the 70+% who do not itemize their taxes; 2) estimated giving by non-tax filers (estimated to be a significant %, but cannot be documented by the IRS); 3) giving in response to disasters (not part of Giving USA totals); and 4) giving to non-501C3 charities (e.g., nondeductible support to political parties, political campaigns or political action committees, gifts donated to individuals, contributions to labor unions, for-profit schools and hospitals).