Final Senate Bill Provides Little For Nonprofits

Final Senate Bill Provides Little For Nonprofits

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David Thompson, vice president of public policy for the National Council of Nonprofits, voiced concern that the tax on university endowments could create a slippery slope. “If they can tax higher-ed endowments, they can tax any pot of money a nonprofit might have,” Thompson said. “Less awful policy is still awful policy.”

Thompson said that, while other organizations will be focused on the universal deduction, estate tax, and other elements of the tax bill in the coming days, all of the council’s energies will be toward ensuring that the Johnson Amendment remains intact through conferences between the House and Senate.

“If we are politicized, we are no longer effective,” Thompson said.

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The NonProfit Times
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