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WEBVTT CONCERNED, I'M SCARED, I DON'TKNOW WHAT OUR BUDGET WILL LOOKLIKE NEXT YEAR."> Right now, alot of questions left unanswered and there'suncertainty of future funding for local non- profits. <"THE FOODBANK OF IOWA RECEIVES CONTRIBUTIONS THAT WILL FUNDOVER SIXTY PERCENT OF OUR OPERATING EXPENSES FOR THE NEXT YEAR INCLUDING THE PURCHASE OFFOOD AND FUEL.">Michelle Book with the Food Bankof Iowa says with the new tax law, those donations won't be aseasy to come by.The tax plan would encouragemost Americans to take thestandard deduction, rather than itemize.<"INDIANUNIVERSITY ESTIMATES THAT THISCHANGE IN THE TAX LAW COULD IMPACT UP TO 30 MILLION AMERICANS, RESULTING IN A DEDUCTION IN CHARITABLE CONTRIBUTIONS OF OVER TEN BILLION DOLLARS."><"THIS IS REALLYA TURN THAT PEOPLE ARE GOING TO HAVE TO ADJUST TO AND IT'SESTIMATED NOW THAT 90% OF THE PEOPLE THAT ITEMIZE, WON'T BE ANYMORE.">Knous says the charitable givingtax break - has always been a huge incentive for donors...<"IT'S REALLY THOSE DONORS GIVING THE THOUSANDDOLLARS TO TEN-THOUSAND DOLLARAMOUNTS THAT ARE GOING TO BEMOST IMPACTED AND MAY NOT BEABLE TO GIVE IN THE WAY THATTHEY USED TO."> Book says she's concerned that with this newplan, more Iowans will go hungry. The food bank does notreceive direct government funding... And book says the fewfederal programs they rely on are under attack. <"WITH A CUT TO CHARITABLE GIVING AND A CHANGEIN ASSISTANCE, THIS WILL RESULT IN A CATASTROPHIC SITUATION.">

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With the new tax bill, it’s estimated that yearly donations could drop by 16 percent to $22 billion per year, with most Americans switching to standard tax deduction. That impacts organizations who rely solely on charitable contributions. “I’m concerned; I’m scared,” said Michelle Book, CEO of Food Bank of Iowa. “I don’t know what our budget will look like next year.” Right now, there are a lot of questions left unanswered and there's uncertainty of future funding for local nonprofits. “The Food Bank of Iowa receives contributions that will fund over 60 percent of our operating expenses for the next year, including the purchase of food and fuel,” Book said, adding that with the new tax law, those donations won't be as easy to come by. The tax plan would end itemization for most Americans, increasing the standard deduction, instead. “Indiana University estimates that this change in the tax lax could impact up to 30 million Americans, resulting in a deduction in charitable contributions of over $10 billion,” Book said. “This is really a turn that people are going to have to adjust to, and it’s estimated now that 90 percent of the people that itemize won’t anymore,” said Kristi Knous, president of Community Foundation of Greater Des Moines. “It’s really those donors giving the $1,000 to $10,000 amounts that are going to be most impacted and may not be able to give in the way that they used to.” Book says she's concerned that with this new plan, more Iowans will go hungry. The Food Bank of Iowa does not receive direct government funding, and Book said the few federal programs they rely on are under attack. “With a cut to charitable giving and a change in assistance, this will result in a catastrophic situation,” Book said. Knous said if you want to get the charitable deduction and itemize your taxes, now is the time to make a gift so you can get the write-off in time for your 2017 return. She also said to talk to your tax advisers to find out if giving yet this year is a smart idea or what your best move forward is once the new tax bill takes effect.