US charities fear big drop in donations from middle classes
Mon, Dec 25, 2017 - 5:50 AM
The Salvation Army has 23,000 red kettles set up across the US with bell ringers asking for spare change during the holidays. Those bring in about US$150 million each year.
MANY US charities are worried that the tax overhaul bill signed by US President Donald Trump last Friday could spur a landmark shift in philanthropy, speeding along the decline of middle-class donors and transforming charitable gift-giving into a pursuit largely left to the...