Catch up with the week’s notable events and shared resources with Nonprofit Tweets of the Week.
Notable Events of the Week:
- Earlier today, President Trump signed into law “the most significant overhaul of the U.S. tax code in 30 years” which provides corporations with massive and permanent tax breaks, offers temporary savings to most Americans (a way of trying to making the bill popular at its outset before those savings are eliminated), and greatly harms the nonprofit sector. Washington Post
- “The Trump administration is prohibiting officials at the nation’s top public health agency from using a list of seven words or phrases — … “vulnerable,” “entitlement,” “diversity,” “transgender,” “fetus,” “evidence-based” and “science-based.”” Washington Post
Top 10 Nonprofit Tweets:
- Alex Daniels: Nonprofits Regroup for Budget Fights Ahead After Stinging Loss on Tax Bill – Chronicle of Philanthropy
- Independent Sector: The higher standard deduction under the tax code overhaul passed by Congress this week means that this is the last year tens of millions of Americans can get a tax break for donating to charity. Washington Post [Ed. Sadly, it’s our belief that the vast majority of charity leaders have no idea of this impact of the GOP-created law – 19 out of 20 taxpayers will get no deduction for giving to charity.]
- National Council of Nonprofits: What’s in the tax bill that affects nonprofits & the communities we all serve? We thought you’d like to know https://buff.ly/2Czb4fg Now it’s up to you to tell Congress what you think https://buff.ly/2kEqMhM
- CalNonprofits: What will be the impact of “tax reform” on #nonprofits in California? More pressure on communities AND less resources for nonprofits that serve them. Our perspective: CalNonprofits
- Nonprofit Quarterly: Nonprofits, head up! Here’s what to expect in the latest GOP tax bill: NPQ
- Stacy Palmer: Charities’ Fear Under Tax Bill: Billions Less to Help the Needy NYT
- NYT Business: The higher standard deduction under the new tax bill will complicate the giving strategies for many who routinely write off charitable donations NYT [Ed. Also worth reviewing Alan Cantor’s explanation of why donor-advised funds will explode in growth and how that may impact the charitable sector.]
- Gene: Very thankful for #advocacy & leadership of @NatlCouncilNPs @IndSector @COF_ & many others. But if the exclusion [of any repeal or weakening of the Johnson Amendment] was due to a technicality, even if 60 votes required for standalone repeal (filibuster), there’s continuing work to do.
- Nonprofit Quarterly: The IRS approved 79,545 of 79,582 applications last year. Is there a gap in enforcement? https://hubs.ly/H09vk4p0
- CalNonprofits: Thread: Considering making a donation to a #nonprofit this year? Our 2017 Unconventional Gift Guide has strategies to help you think through where and how to give (and how to avoid scams). http://bit.ly/2017NonprofitGiftGuide