Tax Deductible Donations to Newspapers
It’s an idea whose time has come!
Give newspapers the ability to take tax-deductible donations. It’s yet another way newspapers can develop an ancillary stream of revenue to assist these community assets to keep their doors open and the lights on.
It should a relatively simply legislative matter to develop the rules for which a newspaper qualifies for the ability to receive tax-deductive donations. This will allow newspapers a bit of financial relief, at least in the short term until the state or federal government passes a newspaper sustainability act.
Read or listen to the challenges and solutions to newspaper sustainability in this speech by Seattle Times Publisher/CEO Frank Blethen. Blethen spoke to members of the European Union in Brussels in 2023.