Issue 6, 2013. December-January

   

GIVING AND RECEIVING IN GEORGIA


In July, new amendments to the tax code finally officially defined "donation," a change that should allow taxpayers to deduct not only monetary gifts to charities but also to quantify and deduct the value of pro-bono services and property donations.

Those changes could provide an extra stimulus for charitable giving by incentivizing philanthropic donations through tax breaks. But will that be enough to help non-profits create a culture of charity in Georgia?

Investor.ge asked four non-profits - American Friends of Georgia, D.O.G Shelter, McClain Foundation, and the Salvation Army - to write about the challenges facing charities and how the new amendments, and a proposed draft law, could help.