Nonprofit New York #WHY15 Statement in Response to Fiscal Year 2025 Adopted Budget
Nonprofit New York Members and Community,
On Friday, June 30, 2024, the New York City Council and Mayor Adams announced an agreement on a $112 billion budget for Fiscal Year 2025. This final version of the budget includes the restoration of hundreds of millions of dollars in cuts that the Adams Administration previously presented as necessary to help address the city’s $7 billion deficit.
Photos by Richard Louissaint. Check out the 2024 Annual Meeting photo album here.
We had an electrifying and successful 2024 Annual Meeting of Members on May 22, 2024. More than 150 nonprofit leaders gathered at the Ford Foundation Center for Social Justice.
Equitable Access to Retirement for Nonprofits
Nonprofit New York is excited to announce the upcoming launch of the Equitable Access to Retirement for Nonprofits, or E.A.R.N plan, to provide our members with equitable access to a Multiple Employer Retirement Plan.
The 2024 Nonprofit Compensation Report is Here!
Nonprofit New York is thrilled to announce the release of the 2024 Nonprofit Compensation Report, offering a comprehensive analysis of salary and benefits across various subsectors and budget sizes in the New York City area.
Dear Nonprofit New York Members and Community,
Thank you to our members who recently reached out to let us know the continued harm and extent of the City’s budget cuts to programming this fiscal year. While #WHY15 has had partial wins, the nonprofit sector is still very much hurting from cuts in November and January.
Nonprofit New York Statement on the Fiscal Year 2025 Executive Budget
Nonprofit New York Members and Community,
On April 24, 2024, Mayor Eric Adams released the City’s $111.6 billion Fiscal Year 2025 (FY25) Executive Budget.
Nonprofit New York and Councilmember Shekar Krishnan publish City Limits Op-Ed in City Limits
On March 21, 2024, City Limits published a joint op-ed penned by Nonprofit New York's VP of Policy, Chai Jindasurat-Yasui, and Councilmember Shekar Krishnan, titled Opinion: Mayor’s Budget Dance Leaves Nonprofits–and New Yorkers–in the Lurch.
Nonprofit New York Statement on April 5% Budget Cut Cancellation
Nonprofit New York Members and Community,
Yesterday, Mayor Adams announced the 5% planned budget cut set for April would be canceled due to an estimated budget surplus and increased tax revenue forecast.
In connection with the proposed regulations regarding Taxes on Taxable Distributions from Donor Advised Funds (“DAFs”) under Section 4966 of the Internal Revenue Code (the “Code”), you have requested comment as to “whether other funds should be exempt from the definition of DAF using the authority under section 4966(d)(2)(C) [which includes funds that benefit a single identified charitable purpose] and what, if any, restrictions should apply to ensure that the intent of section 4966 is achieved.
Nonprofit New York Members and Community,
Yesterday, Mayor Adams’s Administration released the November 2023 Financial Plan, which includes the first round of the 15% citywide budget reductions announced in September. The full budget documents can be found on the Office of Management and Budget website, and the 5% immediate budget reductions are included in the Program to Eliminate the Gap document.