Trump Administration Considers Revoking Harvard’s Tax-Exempt Status Following Bob Jones Precedent Amid Nonprofit Funding Cuts

The Trump administration is reportedly considering revoking Harvard University's tax-exempt status, a move that has raised concerns about the implications for nonprofits. This potential action follows a precedent set when Bob Jones University lost its tax exemption due to racially discriminatory policies. Meanwhile, several nonprofits across the country are facing challenges due to recent cuts in federal funding. For example, a Little Rock nonprofit has stated that the loss of federal funds has placed it at a critical crossroads, and a nonprofit in Oklahoma City focused on stopping gun violence has also experienced funding cuts. These developments have heightened worries among nonprofit organizations about the stability of their tax-exempt status amidst financial pressures.