On July 4, 2025, President Trump signed H.R. 1, the so-called “One Big Beautiful Bill Act,” into law. While it delivers sweeping tax cuts benefiting high-income households and large corporations, it simultaneously offsets those benefits by slashing critical social safety nets like Medicaid and SNAP. The act makes substantial changes to the federal tax code that pose serious risks for tax-exempt organizations, including new graduated excise taxes on foundations and university endowments, a widened executive compensation excise tax, and restrictions on charitable deductions that undermine incentives for donor generosity. This legislation represents perhaps the greatest transfer of wealth from the poor to the rich, the young to the old, and the future to the past, with the Joint Committee on Taxation estimating an $81 billion reduction in nonprofit resources over the next decade. At a time when nonprofits face mounting financial strain, these policies threaten our sector’s capacity to serve vulnerable communities.
This session will unpack its implications for nonprofit organizations amidst the evolving Trump-era policy landscape. We’ll explore:
-Key provisions impacting nonprofits, including changes to charitable tax rules, endowment excise taxes, and unpaid student loan forgiveness
-How shifts in Medicaid, SNAP, and funding for safety-net services may increase demand for nonprofit programs even as resources tighten
-Why preserving the tax-exempt sector matters, and how new financial measures could affect nonprofits’ fundraising capacity
This discussion is designed to inform nonprofit leaders and help them understand how H.R. 1’s budget and tax changes intersect with mission-driven work, nonprofit advocacy, and public trust in this critical moment.
Speakers:
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