The recently passed One Big Beautiful Bill Act (OBBB) introduces significant changes that will affect not-for-profit and higher education organizations.
Understanding these updates is critical to ensure compliance while also positioning your organization for long-term success. To help you better understand the potential impact of the OBBB, we’ve created a short video tailored specifically for not-for-profit and higher education leaders.
In this video, you’ll learn:
- Which proposed tax provisions affecting not-for-profits were removed before the bill became law.
- How the endowment excise tax has been modified, including new thresholds and a tiered rate structure of up to 8%.
- What expanded reporting requirements higher education institutions now face.
- How the excess compensation excise tax has been broadened to cover more employees earning over $1 million.
- Other indirect changes that may affect the sector, such as new rules for charitable contributions, Form 1099 reporting, and clean energy credits.
For more resources related to the OBBB, please visit our dedicated OBBB Resource Center.
If you have questions about this legislation or would like to discuss how it may impact your organization, I would be glad to connect. We believe the best solutions come from meaningful conversations, so feel free to reach out to me directly at your convenience.
How Can Schneider Downs Help?
We hope this overview has helped clarify how the OBBB may affect your organization. At Schneider Downs, our not-for-profit industry team brings deep expertise and practical insight to help you navigate complex legislative changes. For additional resources, please visit our resource page, where you’ll find webinars, articles, and tools tailored to the higher education and not-for-profit sectors.
