The new tax bill passed the House and will now head to the Senate. As we have shared, if passed, this legislation would significantly challenge the foundational ways philanthropy operates, threatening resources, operational support and the flexibility to meet the needs of our communities. Contact your representative in Congress today and ask them to oppose increasing the excise tax on private foundations. As of May 22, the provision that would give executive authority to revoke nonprofits' tax-exempt status is not included in the House-passed bill. Our sector will continue to raise its voice around that provision in case further changes may occur in the Senate.
Lobbying against an increase to the private foundation excise tax and other threats to charitable status and resources is permissible under current law as self-defense activity. As always, we recommend active engagement in robust self-defense with the advice of your legal counsel.
