True, but nonprofit does not equal charity. It would be pretty straight forward to remove the exemption from non charity nonprofits.
There is a lot of room for fraud in our so-called “charitable giving”.
I think it’s way past time to establish a maximum deduction for an individual’s “gifts” of cash.
I think there should be no tax-deduction at all allowed for “gifts” of property. How often are the “values” of such property gifts (and the resulting tax-deduction) determined by a friendly “appraiser”, with no regard whatsoever for their original cost or actual market value?
I think that limiting the charity “loophole” would be a REAL way to tax the “idle rich” whom Democrats claim to hate. Let’s test that claim...
If you want to read a fun murder mystery about non-profits scratching each other's backs, pick up Treasure Hunt, by John LesCroart.