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July 1, 2025

From: Philanthropy Today

Subject: Alert: Senate OKs Tax Bill — What It Means for Nonprofits

Senate Majority Leader John Thune, R-S.D., leaves the chamber as Republicans work on their a final push to advance President Donald Trump’s big tax breaks and spending cuts package, at the Capitol in Washington, Monday, June 30, 2025.

Senate Passes Tax Bill With Mixed News for Nonprofits

The Senate version of the bill includes a larger charitable deduction for non-itemizers than the House version, but it also sets a floor and a cap for wealthy donors, which could reduce giving.

Billions in New Taxes on Private Foundations — What’s Next?

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