What impact did the not-for-profit community have as it conveyed its concerns about the bill’s potential dampening effect on giving? The Chronicle of Philanthropy provides a perspective.
As the House and Senate work on reconciling the details of their two tax plans, there is one thing we know for sure: Change is coming in 2018.
While we don’t know what will eventually come out of Congress, one thing is for sure: It is better to have a plan and not need it than to arrive at January 1 with no plan for dealing with a new reality that promises to confuse donors and discourage charitable giving to our organizations.
Tax reform legislation has been introduced in the House of Representatives with potentially significant implications for the not-for-profit sector, particularly higher education, and especially major college athletic programs.