Tax Reform for Not-for-Profit Organizations

The Tax Cuts and Jobs Act (“TCJA”) creates new compliance requirements, additional taxes, and potential stress to the operations of not-for-profit organizations. Amanda Adams, National Leader for Cherry Bekaert’s Not-for-Profit Tax team, and Rachel Gibbons, Manager on the same team, will highlight the new rules and discuss ways for organizations to prepare and adapt to them. Together, they will discuss the various changes affecting not-for-profit organizations, including updates to unrelated business taxable income calculations and issues affecting the deductibility of charitable contributions.