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12 12 It's the Economy that Matters Impact Greater income for individual giving Strong Jobs and Employment Foundation payout increases Stock Market Highs More hiring, raises, bonuses More budget for charitable investment Lower Corporate Tax Liability Greater income for individual giving Standard Deduction Doubles Increase from 50% to 60% of AGI for charitable giving Increased Charitable Deduction for Itemizers A strong economy supports giving, and the U.S. economy has been performing very well. Stock market indices are high, tax rates have been reduced, and employment is robust. Gifts from individuals and corporations should continue to grow as long as the economy remains strong. And high stock market levels provide a big boost to foundations. The current economic environment provides nonprofit organizations with an opportunity to sustain and even strengthen revenue.