Is Higher Taxation Going To Kill Philanthropy?

Everywhere you look, there is doom and gloom around predictions that charitable giving will dry up because of the recession. Not helped by higher taxation under the Obama administration, many are predicting that we are facing a philanthropic crisis - that people are counting their pennies and will be less likely to donate to charitable causes.

At any other time in history, this would be a cause for concern. There would be reason to feel that there is not a lot we can do to stop the well of generosity from running dry. But not today - today there is no reason why more of us, as connected as we are, can't group together, pick up the slack, and donate.

With only 8% of Americans actively involved in a cause that matters to them, there is plenty of room for the vast majority to pony up and chip in. In today's economic environment, it is our civic duty for all of us to play our part and become microphilanthropists.

Donate today.