GRAND RAPIDS — Philanthropic and nonprofit organizations will focus much more of their efforts on the issue of equity in 2018 and beyond.
The potential effects of recently-passed federal tax reforms loom large on the minds of Michigan’s philanthropic leaders for 2018.
Philanthropists in Grand Rapids and Kalamazoo give to improve their respective communities, but they go about it in vastly different ways.
The nonprofit community has a unique opportunity to engage individuals from both sides of the political aisle in meaningful conversations to find common ground. That was a key theme during a panel discussion as part of the 2017 MiBiz Best Managed Nonprofits Awards, held on Tuesday at the Goei Center in Grand Rapids.
With the Affordable Care Act on the chopping block for President-elect Trump’s administration, Kyle Caldwell fears the “tremendous amount of investment by nonprofits and foundations into our health care system” could be all for naught in 2017 unless lawmakers find a suitable replacement. Similarly, “there will be challenges to both foundations and nonprofits as the administration looks to … find efficiencies in government spending, and cuts to services to make way for tax cuts,” he said. On both the state and federal level, lawmakers’ decisions in 2017 have the opportunity to greatly impact nonprofits through bills like SB 960, which clarifies property tax policies.
GRAND RAPIDS — The growth of foundations and an unprecedented transfer of wealth are among trends the nonprofit sector will need to watch in the coming year.
KALAMAZOO — As nonprofits struggle to navigate changes in overtime regulations, they may be forced to slow the expansion of new programs and services and put a hold on staff increases.
Volunteers are becoming more valuable every year as fewer people offer their time and a growing share of the workforce brings otherwise costly skillsets to the nonprofits they serve.