Trust expert: Nonprofits can compensate for expected $13B to $20B dent from tax changes

The new tax law probably will cause a significant reduction in the number of people who file itemized tax returns, generating concern among nonprofits and causing them to rethink their strategy for approaching donors.

Americans donate about $390 billion a year to charities with 72 percent coming from individual donors, 15 percent from foundations, 8 percent bequeathed and 5 percent from corporate giving, according to a 2016 study by the University of Indiana.

Of the about $280 billion coming from…

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