Trump's tax law may increase the number of charitable donors but decrease gifts to nonprofits

Millions more Americans will likely donate to nonprofits as a result of changes to tax laws, but those changes will also likely reduce the overall amount of money given to charity. That's according to new research from the Indiana University Lilly Family School of Philanthropy published Tuesday. Jon Bergdoll led the research and said the findings reflect how "top heavy” charitable giving is. New tax deductions will encourage between 6 and 8.7 million more Americans to donate to nonprofits over time. However, gifts to nonprofits will likely drop around $5.6 billion annually because of new rules that apply to corporations and to the wealthiest people.