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Fiscal Cliff Turns its Eye to Nonprofits

In this season of giving, non-profits are pretty worried. There's been a lot of talk in Washington of changing the tax break Americans get for giving to charities; it's all part of that fiscal-cliff we've been hearing about. It's got non-profits concerned that without the tax break, giving will go down. The president of United Way Worldwide weighed in on this, saying billions are at stake for non-profits. The tax break on charitable donations has been in the code for decades. This year, it's found itself on the short list to get cut down. "We have to be creative, we have to pinch pennies, we have to do whatever we can," said James Bourdon, executive director, Urban Mountain Adventures.

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