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18 18 Accomplish Your Mission with Sage Intacct Thanks to a strong U.S. economy, nonprofits received a total of $410 billion in charitable contributions in 2017—the highest in recorded history. The Tax Cuts and Jobs Act of 2017 reduced both corporate and individual tax rates while increasing the standard deduction. While some nonprofits are worried that fewer taxpayers itemizing charitable deductions could reduce future contributions, surveys demonstrate that donors give from their hearts—not their tax returns—and they give even more when they can see real-world impact. That's why nonprofits must better engage donors. To tell your organization's story to donors effectively, you must show how the dollars they give turn into results—whether that's meals served, artists supported, or animals protected. Modern nonprofit financial management solutions like Sage Intacct help nonprofits measure and report on key metrics in real-time, thereby increasing visibility into stewardship and outcomes. Conclusion