“FT article on potential charity regulation change in the US” by Learner

Article in Financial Times - Excerpts “Multiple staff from US-based foundations and non-profits told the FT that they expected the Trump administration to end their tax exemptions for projects that involved spending overseas or were focused on climate or racial justice. The likelihood has risen since President Trump threatened this week to remove Harvard's tax exempt status.” It may also affect overseas aids apart from climate. I heard from a well connected friend this may be done via executive orders soon. Not sure how likely it is but seems plausible. US philanthropies and non-profits groups focused on climate change fear that a potential loss of their tax-free status under the Trump administration could imperil their programmes. Concerns have grown that the Trump administration is drafting an executive order on the eve of so-called Earth day next week that would have the effect of ending their tax-exempt [...] --- First published: April 21st, 2025 Source: https://forum.effectivealtruism.org/posts/pr85LGDeLbGD6YwPz/ft-article-on-potential-charity-regulation-change-in-the-us --- Narrated by TYPE III AUDIO.