Posted: November 13, 2017

Federal Tax Reform Update

Last week, the U.S. House and Senate both released tax plans that have varied effects on nonprofits. The U.S. House Plan Tax Cuts and Jobs Act (H.R.1) weakens the Johnson Amendment, would reduce charitable donations and limits nonprofit financing options. The U.S. Senate released its own tax reform plan, also known as the Tax Cuts and Jobs Act that would also change many nonprofit tax laws. While the Senate version is an improvement over the House plan, because it makes no changes to the Johnson Amendment and preserves private activity bonds, there are other key changes that should be of concern for nonprofits in the Senate tax reform package. NAO, working with our counterpart organization in North Carolina, is able to issue you this side-by-side comparison of the two tax plans and the issues of concern for nonprofits.

Across the board, charitable nonprofits will get a bad deal if these plans go forward without modification. Please read NAO's more detailed policy alert here and Take Action!

Posted: September 29, 2017

NAO's Annual Meeting and 40-year Celebration

Below you will find a recording of our annual meeting along with key materials highlighted during our presentation.

A special thank you to our Annual Meeting sponsors: Beneficial State Bank and Meyer Memorial Trust.