One, Big, Beautiful Bill: Impact on Philanthropy - via Council on Foundations

With many of the provisions in the Tax Cuts and Jobs Act (TCJA) (P.L. 115-97) expiring at the end of 2025, the 119th Congress is crafting tax legislation through the reconciliation process that will extend the TCJA and included the Republican majorities’ priorities. 

On Monday, May 12, the House Committee on Ways and Means released the Amendment in the Nature of a Substitute, which contains key tax provisions. The Committee will mark up the legislation on Tuesday, May 13. 

This page analyzes key provisions from the bill, how they may impact the philanthropic sector and charitable giving and when and if the provisions expire. This page will be updated regularly as the legislation moves through the legislative process. 

We will continue to update this page with provisions that impact the sector: https://cof.org/page/one-big-beautiful-bill-impact-philanthropy 

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