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Discovering The Tax Implications of Nonprofits Owning For-Profit Businesses

The Charity CFO

Tax Implications of Nonprofits Owning For-Profit Businesses Unrelated Business Income Tax (UBIT) Recognized nonprofits generally receive tax-exempt status from the federal government. Impact on Charitable Contributions Donors to nonprofits often receive tax benefits for their charitable giving.

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Cancelling Student Debt Is Necessary for Racial Justice

NonProfit Quarterly

For decades, student loans have been a huge moneymaker for the federal government, which holds over 90 percent of all student debt in the US. Wiping out current debts doesn’t eliminate the racist policies and systems that created the crisis, nor does it end the debt-financing of education, housing, and healthcare.

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House Signs Off On Tax Bill That Hurts Charities

The NonProfit Times

Hadar Susskind, senior vice president of government relations for the Council on Foundations (CoF), said that the council has realized that the House bill is essentially set and has turned attentions to the Senate. Maintaining the Johnson Amendment and inserting some sort of universal charitable deduction are among current efforts.

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House Signs Off On Tax Bill That Hurts Charities

The NonProfit Times

Hadar Susskind, senior vice president of government relations for the Council on Foundations (CoF), said that the council has realized that the House bill is essentially set and has turned attentions to the Senate. Maintaining the Johnson Amendment and inserting some sort of universal charitable deduction are among current efforts.

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House Signs Off On Tax Bill That Hurts Charities

The NonProfit Times

Hadar Susskind, senior vice president of government relations for the Council on Foundations (CoF), said that the council has realized that the House bill is essentially set and has turned attentions to the Senate. Maintaining the Johnson Amendment and inserting some sort of universal charitable deduction are among current efforts.

article thumbnail

House Signs Off On Tax Bill That Hurts Charities

The NonProfit Times

Hadar Susskind, senior vice president of government relations for the Council on Foundations (CoF), said that the council has realized that the House bill is essentially set and has turned attentions to the Senate. Maintaining the Johnson Amendment and inserting some sort of universal charitable deduction are among current efforts.