Losing an IRS tax exemption leaves nonprofits and their volunteer leaders without critical benefits. Once that status lapses, the organization’s financial advantages—and the income tax perks for volunteers—immediately cease.

Former President Donald Trump is preparing to implement changes that would make LGBTQ+ nonprofit workers ineligible for student loan forgiveness. This move could impose significant financial burdens on those dedicated to serving the LGBTQ+ community and impact the sustainability of nonprofit organizations.