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Course Details

This CLE/CPE webinar will provide tax counsel and advisers a detailed analysis of key provisions of the One Big Beautiful Bill Act (OBBBA) impacting tax-exempt organizations and donors. The panel will discuss the endowment excise tax under Section 4968, excess compensation excise under Section 4960, charitable contributions, compliance risks, and planning strategies for tax-exempt organizations and donors.

Faculty

Description

The OBBBA provides significant changes to the U.S. income tax code impacting nonprofits and donors. The impact on tax-exempt organizations will have serious operational and tax reporting impacts on nonprofit entities and donors. For tax advisers and executives serving exempt organizations, the new law creates significant challenges.

The OBBBA contains provisions directly aimed at exempt organizations, including the expansion of the definition of covered employees, increases in excise taxes for private colleges and universities, changes to charitable contribution deductions, and other items impacting the operations and tax compliance of these organizations and donors.

Listen as our experienced panel provides a critical first look at the implications of OBBBA on nonprofit entities and donors, enabling tax advisers to get a grasp on the impact of the new law on exempt organization clients.

Outline

I. Provisions in 2025 tax legislation pertaining directly to tax-exempt organizations and donors

II. UBTI/UBIT calculations and reporting

III. Compensation of "covered employees"

IV. Business and individual provisions that will impact tax-exempt organizations

Benefits

The panel will discuss these and other key issues:

  • How certain excise taxes are applied and calculated under the new law
  • Tax reporting requirements under OBBBA
  • Impact on compensation of "covered employees"
  • Strategies for minimizing UBIT and excise taxes on compensation
  • Assessing the likely impact of reduced incentives for individual taxpayers to itemize on exempt orgs reliant on deductible contributions