The charitable nonprofit sector is in a state of financial distress. Although Congress has maintained the tax-advantaged status of nonprofit organizations, it has taken no affirmative steps to relieve the crisis. This Current Topic proposes that the federal government help ease the financial burdens of the charitable nonprofit sector by providing a new tax incentive that encourages individuals to lend to charities. Such a tax incentive would be an effective means of addressing the financial distress of the charitable nonprofit sector and is justified by several theories that support the existing tax status of this sector.
Seth M. Hendon,
The Possibility of Tax Incentives for Lending To Charitable Organizations,
Yale L. & Pol'y Rev.
Available at: https://digitalcommons.law.yale.edu/ylpr/vol8/iss2/12