Recently presented in Congress, passed by the House of Representatives, and now under Senate review, the Big Beautiful Act is expected to have a significant impact on the charity industry. Despite the bill’s wide-ranging social objectives, several of its sections specifically aim to bolster, expand, and stabilize nonprofit organizations.
For anyone involved with nonprofits, here are some essential points to remember:
Enhanced Opportunity to Receive Federal Funds
Small and medium-sized non-government organizations (NGOs) will have easier access to federal grants under the proposed changes to the Act. To help grassroots organizations compete on an equal footing, we have streamlined the application process and provided technical support to those with fewer administrative resources.
Enhancing Skills and Encouraging Employee Engagement
Improving the nonprofit sector’s workforce is a significant focus of the Act. Included in this are monetary contributions to training programs, salary supplements for essential employees, and enhanced financing for systems that facilitate volunteer coordination.
Giving Tax Breaks
More Americans, even if they don’t itemize, will be able to give thanks to the bill’s expansion and restoration of above-the-line charitable deductions. This has the potential to improve giving and donor engagement for NGOs
Actions to Promote Equity and Inclusion
Community-based NGOs in underserved communities are the primary recipients of funds under the Act. The result might be a shift in funding priorities, with more money allocated to groups that fight for equity but have been overlooked by large foundations.
Openness and Responsibility
The Act mandates stricter reporting standards to ensure transparency in the allocation of funds in exchange for additional funding. Although this increases bureaucracy, it has the potential to increase public confidence in the industry.
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Current Importance of This
Even as they face the heightened demands of their communities, nonprofits are still recovering from the disruptions caused by the pandemic. In addition to providing necessary services, NGOs are essential employers, community leaders, and incubators of new ideas; the Big Beautiful Act acknowledges all of these roles.
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Options Open to You
Maintain awareness. Keep an eye out for updates as the bill progresses through Congress.
- Participate in online communities. Share with interested parties how your group or neighborhood is expected to benefit from the Act.
Make contact with lawmakers. Get the word out about the things that are most important to your goal by sharing your story.
