How the Tax Bill Will Upend Corporate Giving

A free email with news, trends, and opinion articles about the nonprofit world, as well as links to our tools, resources, and webinars. Delivered every weekday. Philanthropy Today subscribers also get a bonus weekly email called Philanthropy Today — The Commons, about how America’s nonprofits and foundations are working to heal the nation’s divides.

July 10, 2025

From: Philanthropy Today

Subject: How the Tax Bill Will Upend Corporate Giving

We're sorry. Something went wrong.

We are unable to fully display the content of this page.

The most likely cause of this is a content blocker on your computer or network.

Please allow access to our site, and then refresh this page. You may then be asked to log in, create an account if you don't already have one, or subscribe.

If you continue to experience issues, please contact us at 571-540-8070 or cophelp@philanthropy.com

Opinion

The Tax Bill Will Upend Corporate Giving. Here’s How to Prepare

By Laura MacDonald July 10, 2025

To soften the blow of new tax rules, companies and nonprofits must rethink how they work together.
Case Study

With Federal Funding Slashed, This Nonprofit Aims to Reinvent Itself

By Eden Stiffman July 10, 2025

About half of Jumpstart’s funding came from AmeriCorps, support the Trump administration recently cut.
Diversity, Equity, and Inclusion

A $200 Million Endowment Focused on Black Americans Is Taking Shape

By Alex Daniels July 10, 2025

The Black Freedom Fund has raised $100 million — and plans to double that amount — in a rare effort to build a Black-led endowment.

WEBINARS

Today: July 24 at 2 p.m. ET | Register Now

Nonprofits raise as much as a third of their annual fundraising revenue in the final quarter of the year, but savvy major gift officers keep their major donors and major gift prospects informed and engaged all year long. Join us for Plan Now for Big Gifts at Year’s End to learn smart ways to map out donor meetings, craft compelling messages, and track key metrics to ensure you make the most of the next six months and hit your goals for the year.

ONLINE FORUMS

Today: July 15 at 2 p.m. ET | Register Now

Join us for The State of Nonprofit Technology, a free forum, to dig into the findings of our exclusive new survey on the tech capabilities, priorities, plans, and wish lists of nonprofits. Sarah EchoHawk, AISES; Jim Fruchterman, Tech Matters; and Becky Kates, development consultant, will share ways to remove barriers to tech adoption, explore the benefits of new tech, and help you benchmark your organization’s tech capabilities.
Today: July 22 at 2 p.m. ET | Register Now

Join us for Ask the CEO: What to Know About the Gates Foundation’s Future, a special one-on-one interview with Mark Suzman, head of the Gates Foundation, and Chronicle CEO Stacy Palmer. They’ll discuss the foundation’s priorities, including its decision to spend $200 billion in the next 20 years before shutting down and explore why other grant makers may want to accelerate their giving. Submit your questions. We’ll answer as many as we can during the live event.

Nonprofit News From Elsewhere Online

Philanthropies, companies, and schools are revamping their minority-focused scholarships to avoid being sued or becoming a target of the Trump administration’s crusade against diversity, equity, and inclusion efforts. Some are opening up the prizes to all low-income students, while others are tweaking them to preserve their original mission or eliminating them altogether. The combined value of scholarships that had race, ethnicity, or gender criteria in a small national database fell by 25 percent from March 2023 to June 2025. (Wall Street Journal — subscription)

Plus: White House Steps Up Attacks on Harvard, Including Threatening the School’s Accreditation (Boston Globe)
Background from the Chronicle: Faced With Anti-DEI Complaint, Gates Foundation Opens Scholarship to White Students

More News

Microsoft Pledges $4 Billion Toward A.I. Education (New York Times)
- Background from the Chronicle: How Philanthropy Built, Lost, and Could Reclaim the A.I. Race
L.A. Vowed to Remove 9,800 Encampments. But Are Homeless People Getting Housed? (Los Angeles Times)
- Background from the Chronicle: Affordable Housing: A Concern for Every Cause
What Is the Johnson Amendment? What to Know as IRS Changes Tax Exemptions (Miami Herald)
Black Sabbath and Ozzy Osbourne’s Final Concert Raise Nearly $200 Million for Charity (Vice)

Cuts and Closures

National Suicide Prevention Hotline Plans to Stop Offering LGBTQ+ Youth Counseling. Queer Advocates in L.A. Wonder What’s Next (Los Angeles Times)
Texas Governor Declines Summer Food Aid Program, Drawing Criticism From Central Texas Food Bank (KCEN)
Senate GOP Plots How to Move Trump’s $9.4B Clawbacks Request on Public Broadcasting, Foreign Aid (Politico)
Lincoln, Neb., Hunger Relief Nonprofits Brace for Impacts From Big Beautiful Bill (KLKN)
- Background from the Chronicle: Nonprofits and the Trump Agenda

Note: In the links in this section, we flag articles that only subscribers can access. But because some journalism outlets offer a limited number of free articles, readers may encounter barriers with other articles we highlight in this roundup.