Candace White/Columbia University
The Tax Cuts & Jobs Act: Nonprofits and Funders Respond
Thursday November 8, 2018
10:00 – 11:15am EDT
This session is part of our full-day convening: The Future of Philanthropy: Thriving in a World of Change. To check out the full agenda, click here.
The Tax Cuts and Jobs Act became public law at the end of 2017. Much speculation and uncertainty has surrounded the legislation’s implications for the nonprofit sector, and the Independent Sector has already reported a drop in giving in the first and second quarters of 2018. How might the law affect organizations’ operations, giving, employee benefit programs, financial processes, and overall sustainability in the near future, as well as further down the road? And for fundraising in particular, how can organizations ascertain which revenue streams to lean on and which ones are likely to become less reliable?
In this discussion, our panelists will explore the ways in which the tax bill has already begun affecting the sector, and the extent to which it will be impacted going forward. In addition to looking at the specific ways in which the law affects organizations, their donors, and the communities they serve, this session will look at how nonprofits are pivoting the ways in which they operate in order to remain effective and sustainable, how funders can potentially respond to the challenges confronting organizations in the midst of this legislation, and the way in which resourcefulness and an organization’s commitment to its mission can serve as its source of strength in challenging times.
Moderator:
Doug Bauer, Executive Director
The Clark Foundation
Panelists:
Meaghan Brown, Senior Vice President & Chief Development Officer
United Way of New York City
Jennifer Ching, Executive Director
North Star Fund
Ethan Kahn, CPA, Partner
Mazars USA
Poonam Prasad, Board Member
Association of Fundraising Professionals, New York City Chapter
Board Member, Giving Institute
Sharon Stapel, President
Nonprofit Coordinating Committee of New York