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From: Philanthropy Today
Subject: ‘Not Business as Usual’ — an L.A. Grant Maker Doubles Payout
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We recognize all the challenges related to the administration, increasing economic uncertainty, and how leaders are responding to this moment of chaos. That’s why we will be providing you with a bonus newsletter, Need to Know This Week, giving you a snapshot of the storylines we think you should follow. Keep an eye on your inbox.
The House of Representatives has narrowly approved President Trump’s request to claw back about $9.4 billion for public broadcasting and foreign aid from that Congress had previously approved. If passed by the Senate, the measure would cancel out $1.1 billion for NPR and PBS, amounting to all of the federal funding the services were slated to get in the next two years. Some local stations are warning they will have to close without that support. The measure also revokes money for global health programs, services for refugees, and democracy promotion abroad. (Associated Press)
Treasury officials are weighing revoking the tax-exempt status of universities that consider race in admissions, scholarships, and other areas, sources told Bloomberg. Under discussion are new Internal Revenue Service procedures, which do not need congressional approval, that would define race as color or national or ethnic origin. Although the Supreme Court ruled in 2023 that colleges and universities could no longer include race among their admissions criteria, schools could keep their tax-exempt status while favoring racial minority groups if the “purpose and effect” is to promote that school’s “racially nondiscriminatory policy.” (Bloomberg— subscription)
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