Why are charities at risk if the penny goes away?

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1048466

2026-08-19 02:25

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If the penny is eliminated, charities may face financial challenges as many rely on small donations, including coins like pennies, to fund their operations. The loss of the penny could discourage people from donating loose change, which often adds up significantly over time. Additionally, rounding transactions to the nearest nickel or dime might reduce overall contributions, impacting charities that depend on these small but vital donations. This could ultimately hinder their ability to provide essential services to those in need.

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