The “Tax Cuts and Jobs Act” ultimately passed by Republicans in Congress and signed by President Trump is not good for most nonprofit organizations, but is not as bad as it might have been. 

It eliminates tax incentives for charitable contributions for all but about 5% of U.S. taxpayers who will continue to itemize deductions, a number significantly less than the 30% of taxpayers who itemize currently.  The National Council of Nonprofits has argued that this provision will reduce charitable contributions by about $13 billion a year.