Thursday, June 26, 2025
SENATE ADVOCACY UPDATE
The Senate Finance Committee has released its reconciliation package text, and the full Senate is expected to vote this week. Please act today to send a final advocacy message to the Senate.
The Senate version makes several critical changes advocated for by the charitable sector, most notably, eliminating the proposed excise tax increase on private foundation investment income, which threatened to divert over $30 million annually from Colorado charitable giving. The Senate version also increases the non-itemizer federal charitable deduction, which has been demonstrated to generate significant additional charitable giving.
There remains a key item of concern to Colorado philanthropy in the current Senate text:
- 1% floor on corporate charitable giving
Corporate taxpayers would be denied a tax deduction for charitable contributions below 1% of their taxable income, resulting in an estimated $45 billion loss to nonprofits over the next 10 years.
Less charitable giving from any philanthropic sector means reduced resources for Colorado nonprofits, cut services for Colorado families and communities, and more pressure on other funders.
Read a one sheet summary Corporate Floor on Charitable Deduction, Independent Sector
Download talking points to advocate on behalf of your corporate foundation colleagues Corporate Floor on Charitable Deduction Reduces Giving and Harms Charities, Independent Sector
Also of note,
- Millions of acres of federal lands in Colorado would be eligible for sale
Learn more Millions of acres of Colorado public lands could be up for sale in Senate budget bill, Colorado Politics 6.25.2025
Senator Michael Bennet, 202-2224-5852 (DC), 303-455-7600 (Denver), 719-328-1129 (Pikes Peak), 970-241-6631 (Northwest/Grand Junction), 970-224-2200 (Northeast/Ft. Collins), 970-259-1710 (Southwest/Durango), 719-542-7550 (Southeast/Pueblo), 719-587-0096 (San Luis Valley/Alamosa)
Senator John Hickenlooper, 202-224-5941 (DC), 303-244-1628 (Denver), 719-632-6706 (Colorado Springs), 970-822-4530 (Grand Junction), 970-484-3502 (Ft. Collins), 970-352-5546 (Greeley), 970-880-7236 (Durango), 970-989-7075 (Glenwood Springs), 970-620-1793 (Eastern Plains/Brush)
INDEPENDENT SECTOR 6.26.2025 Update
"The Senate continues to work behind the scenes on changes to the tax provisions in the initial draft of the “One Big Beautiful Bill” including the provision the creates a new 1% floor to the tax deduction for corporate charitable contributions. We expect final text, ready for Senate floor action, later today or tomorrow. Therefore, the window is now ALMOST shut for any last-minute advocacy – but there is still a bit of room. Over the past week we have engaged in outreach to Senate Republicans advising them of the negative impact this provision would have on charitable giving and urging them to support removal of the provision from the bill. Many Senate offices voiced opposition to the provision, and we (and others) have communicated that to Senate Leadership. That is important progress – but not a guarantee of getting this provision removed. To get “over the line” we still need your help to communicate to Senate Republicans that the corporate floor will harm charitable giving and urge its removal from the bill. They need to hear from you.
Specifically, please reach out to Senators Thune, Barrasso, Cotton, Capito, Tim Scott, Blackburn, Cornyn, Tillis, Collins, Young, and Murkowski.
Wednesday, May 28, 2025
SENATE ADVOCACY
The U.S. House of Representatives passed a budget reconciliation bill that includes:
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A proposed excise tax on private foundation investment income that would drastically reduce charitable dollars available for local grantmaking and community programs. Estimates are that $30-$40M would be diverted from Colorado grantmaking to federal excise tax in 2026. The proposed excise tax sets a dangerous precedent — putting all of Colorado’s philanthropic institutions at risk.
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Creating a 1% Floor for charitable contributions made by corporations, weakening business support for education, workforce, and family-focused initiatives.
The bill is now being taken up by the Senate, where changes are expected, so we need your continued advocacy on behalf of the charitable sector. These changes would severely reduce philanthropic giving in Colorado, pulling critical resources away from families and communities – not to improve services, but to help pay for federal tax cuts.
OUR ASK:
1) Please call your Colorado Senators today at both their DC and his local offices in the areas where you are located and fund.
Please prioritize outreach to Colorado Senator Michael Bennet, who is a member of the Senate Committee on Finance.
Senator Michael Bennet, 202-2224-5852 (DC), 303-455-7600 (Denver), 719-328-1129 (Pikes Peak), 970-241-6631 (Northwest/Grand Junction), 970-224-2200 (Northeast/Ft. Collins), 970-259-1710 (Southwest/Durango), 719-542-7550 (Southeast/Pueblo), 719-587-0096 (San Luis Valley/Alamosa)
Senator John Hickenlooper, 202-224-5941 (DC), 303-244-1628 (Denver), 719-632-6706 (Colorado Springs), 970-822-4530 (Grand Junction), 970-484-3502 (Ft. Collins), 970-352-5546 (Greeley), 970-880-7236 (Durango), 970-989-7075 (Glenwood Springs), 970-620-1793 (Eastern Plains/Brush)
Please take these additional opportunities for advocacy with members of the Senate Committee on Finance:
Senator James Lankford (R-OK) and Senator Todd Young (R-IN) co-sponsors of the bipartisan Charitable Act to restore a non-itemizer deduction, indicating that they support increasing charitable giving.
Senator John Thune (R-SD) has co-sponsored legislation to address student debt that indicates support for financial well-being and education.
2) Reinforce your message by email
Message template for Private Foundations Senate outreach
Message template for Funders in Support of Private Foundation Peers
Message form for Senator Michael Bennet
Message form for Senator John Hickenlooper
BRIEFINGS AND RESOURCES
News:
Higher Taxes on Foundations Rob Charity to Fund Government Bureaucracy, Philanthropy Roundtable, 5.12.20206
One, Big, Beautiful Bill: Impact on Philanthropy, Council on Foundations, 5.13.2025
Stay updated:
The Center for Effective Philanthropy
State of Nonprofits 2025: What Funders need to Know
Thurs., July 10 | 10:00 – 11:15 a.m. Mtn | Virtual
Council on Foundations – Protecting Philanthropy – Latest Updates
https://cof.org/program-initiative/protecting-philanthropy-latest-updates
United Philanthropy Forum – Advocacy, Awareness & Action Campaign
https://www.unitedphilforum.org/Advocacy-Awareness-Action
United Philanthropy Forum – Advocacy Action Center
https://www.unitedphilforum.org/take-action
Tuesday, May 20, 2025
HOUSE ADVOCACY
Dear Philanthropy Colorado Members,
We need your action today.
What’s at Stake:
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A proposed excise tax on private foundation investment income would drastically reduce charitable dollars available for local grantmaking and community programs. The proposed excise tax sets a dangerous precedent — putting all of Colorado’s philanthropic institutions at risk.
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Exempting 1% of taxable business income from the corporate charitable deduction would weaken business support for education, workforce, and family-focused initiatives.
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Removing due process protections for nonprofits threatens their tax-exempt status and opens the door to increased government overreach.
5.19.2025 UPATE - Your advocacy has been successful
House Republicans removed the section of the tax bill that would have granted unprecedented authority to the Executive Branch to revoke nonprofit status from organizations without due process
These changes would severely limit philanthropic giving, pulling critical resources away from families and communities — not to improve services, but to help pay for federal tax cuts.
This can’t wait until next week, or even tomorrow. The House of Representatives will vote quickly on the tax package, offering a short window of opportunity to influence the House vote over the next few days. This is about fighting against these new provisions, as well as for the overall independence of our philanthropic sector.
OUR ASK:
1) Please call your House representatives today. Find and Contact Your Legislator from every Colorado congressional district in which you provide funding. Contact both their Colorado and Washington D.C. offices, identifying the amount or examples of your funding in that area and communicating the devastating impact this bill would have if these provisions are not removed.
2) Follow up with an email to your House representatives today. Reinforce your message by customizing and sending one of Philanthropy Colorado’s letter templates.
Template 1: Private Foundation legislator letter
Template 2: Non-Private Foundation Ally legislator letter
3) Repeat daily until the house vote.
Together with our national partners, Philanthropy Colorado is preparing for the next stage of defense as the bill then proceeds to the Senate for consideration.
4) Stay updated by following Philanthropy Colorado communications and check the Take Action Blog for coming briefings and emergency meetings.
Talking points/Express Why Philanthropy Matters:
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Delivers real help to families and communities: Philanthropy supports early childhood programs, expands educational opportunities, and invests in practical initiatives that teach life skills and economic self-reliance. These efforts help families facing tough choices — from childcare and schooling to job readiness — by providing local, flexible support that government programs often can’t reach.
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Strengthens private-sector responsibility: Charitable giving by businesses and foundations reflects the best of American civic life — empowering local leaders, faith communities, and nonprofits to meet needs where government can’t or shouldn’t.
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Relies on fairness and stability: A strong charitable sector depends on clear tax rules and due process — not shifting policies that discourage giving or expose nonprofits to unchecked government scrutiny.
We must speak up now to protect the integrity of charitable giving and the critical role that philanthropy plays in a just and vibrant society.
Note that national philanthropic organizations, such as the Council on Foundations, have determined that when advocating on these tax bill provisions, private foundations qualify for the self-defense exception under federal lobbying rules—please consult your internal policies before taking action.
To learn more and see how Philanthropy Colorado and our National partners are taking action, see briefings and resources below.
In solidarity,
Philanthropy Colorado