Should big nonprofits that operate like corporations still enjoy sweeping tax exemptions? Scott Hodge thinks not—arguing for nearly $40 billion in new federal taxes on large hospitals, wealthy universities, and donor-advised funds. His case highlights a growing tension: when mission-driven institutions behave like market giants, the public benefit of their tax breaks comes into question. Whether controversial or overdue, the debate forces us to ask what it really means to be a nonprofit today.
Read MoreAs a tax lawyer, I can’t help but view year-end giving through the lens of “deductibility.” But beyond the tax benefits, there’s a deeper motivation for philanthropy as we close out the year. December’s not just the final chance for a tax break; it’s a time for reflection, gratitude, and community, with over 30% of charitable giving happening this month. Between cultural traditions and the psychological push to "finish strong," it's no wonder year-end donations carry such emotional weight—after all, the season’s about giving, and giving back to what matters most.
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