From this story. (accessed July 17, 2019 at 1:40 pm)
“New York’s law lets municipalities to set up charitable reserve funds that would give tax credits equal to 95% of a contribution.” [edits in bold]
“Since the funds were set up, New York collected $93 million to for the Charitable Gifts Trust Fund to fund education and health care.” [edit in bold]
“Scarsdale’s charitable fund received more than $500,000 in contributions in 2018, but then dried up after the regulations were issued.” [what dried up, the fund or the contributions?]