Obama victory would decrease charitable giving

Wednesday, October 10, 2012
 | 
Charlie Butts (OneNewsNow.com)

The question of charitable giving isn't on the November election ballot, but it is an issue at stake -- and an expert on giving weighs in on how people's decisions regarding charitable contributions could be affected by the outcome of the presidential election.

Rich Dunham of Dunham+Company says a national survey was conducted among donors and found that, compared to a Romney win, an Obama victory will negatively impact charitable giving. OneNewsNow asked Dunham about the negative impact on giving if Obama retains his office.

Dunham

"Mainly it is because of impact on charitable deductions, and the fact that the federal debt limit is continuing to increase," Dunham explains.

"One of the things that donors really cared about, which was a bit surprising to us, is they really wanted to see federal spending decline -- that if it did, it would have a very positive impact on their giving."

They also wanted to see ObamaCare repealed, he reports. Those who would contribute more to charities if Romney wins cite his desire to limit federal spending, deal with the debt and repeal Obamacare, among other things.

"He wants to incentivize the development of oil and gas in order to make us energy independent, while actually the biggest factor was rising gas prices, which in the current environment and the current policies will just continue to rise," Dunham says.

He stresses the survey was done to ascertain opinions of people who do donate to charities, not to make a political statement. 

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