Opinion: Losing Charitable Tax Break A Societal Deduction - TheNonProfitTimes: he Center on Philanthropy (CoP) in Indianapolis, Ind., estimated that after three weeks, fundraising for Sandy, which rampaged up the East Coast impacting 65 million people in 11 states, stood at $219 million. Fundraising for the 2005 tsunami was $610 million after the same time period. Haiti received $752 million. Fundraising for September 11 was $876 million, and $1.3 billion for Katrina.
Four weeks out from Sandy, CoP’s estimate of the fundraising total was $244 million. The bulk of that went to the American Red Cross.
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