We do not want nonprofits losing their 501c3 status because of any unfounded implications episode artwork

EPISODE · Feb 10, 2025 · 37 MIN

We do not want nonprofits losing their 501c3 status because of any unfounded implications

from Power Station · host Anne Pasmanick

What is the charitable sector and why is vital to our nation? It refers to organizations that exist to create social value over financial profit. It is an IRS designation that affords a tax-exempt status to nonprofits and the philanthropies that support them in meeting human needs and advancing policy solutions to social and economic inequality. Do not underestimate nonprofits, this country's third largest employer, accounting for a workforce of 14 million Americans. In this episode of Power Station, I talk to the incomparable Dr. Akilah Watkins, President and CEO of Independent Sector, the only national membership organization comprised of both nonprofits and foundations. She shares what happens when they bring their diverse perspectives to a common table to tackle challenges to an independent sector that is both crucial to our nation's future and under assault in the current moment. Akilah has been in the sector since becoming a community organizer at 14 and she brings that spirit to her leadership at Independent Sector where grassroots and more institutional nonprofits connect, engage and build a collective identity. We talk about the state of advocacy and public trust in the sector too. Hear us!  

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We do not want nonprofits losing their 501c3 status because of any unfounded implications

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