View and explore the key issues we covered during our 2025 summit.
Crowe Not-for-Profit and Government Summit 2025 : AI Keynote
Takeaways
- AI impact: AI is rapidly advancing and transforming organizational operations, with significant implications for job roles and productivity.
- Adoption barriers: Common barriers to AI adoption include lack of skills, high costs, regulatory challenges, lack of management vision, and uncertain use cases.
- Strategies to support AI adoption: Organizations should upskill their workforce on AI, prove the value with working test cases, support small projects and quick wins, and supplement rather than replace existing processes.
Government breakout
Takeaways
- Executive actions and IRS: Our specialists provide an overview of presidential and executive actions affecting the federal workforce and IRS, including hiring freezes and regulatory changes.
- Inflation Reduction Act: Be aware of potential tax credit opportunities and energy policy shifts under the new administration.
- Strategic revenue planning: Being one piece of the puzzle, strategic revenue planning requires proactive financial management – planning, allocation, implementation, monitoring, and optimization.
Healthcare breakout
Takeaways
- Technology to address the healthcare staffing shortage: Technological advancements lead to a more effective and patient-centered care environment, ensuring that patients receive the best possible treatment and support .
- Tax and community benefit update: The tax environment for not-for-profit healthcare organizations remains unpredictable. Anticipated major tax law changes in 2025, heightened IRS enforcement targeting Section 501(r) and community benefit, along with growing scrutiny, present both challenges and opportunities.
- Business combinations and affiliations: Not-for-profit merger and acquisition activity is on the rise, with organizations strategically aligning to avoid failure or enhance their operations. Our professionals outline accounting considerations for mergers and acquisitions in the not-for-profit sector.
Higher education breakout
Takeaways
- Top business issues faced by higher education institutions: Issues include investing in essential technology, supporting and maintaining the workforce, communicating mission and value, ensuring successful student outcomes, and navigating resource constraints.
- Tax insights: The tax landscape will continue to be volatile. Tax developments on the Inflation Reduction Act; name, image, and likeness (NIL); and IRS funding and transformation, to name a few, will be top of mind for higher education institutions.
- Audit insights: Our professionals also covered updates on the current expected credit losses (CECL) standard, digital assets, and recent Governmental Accounting Standards Board (GASB) updates.
Private Foundations Breakout
Takeaways
- Tax landscape: 2025 will be a year of updates and changes for the sector.
- Program-related investments (PRIs): Consider using PRIs as part of the philanthropic strategy, ensuring they significantly further the foundation's exempt or charitable activities.
- In-kind grants of leases/free use of assets: Understand the accounting challenges and valuation of free use of space or assets, and ensure proper recognition and reporting.
- Joint ventures and other partnerships: Assess control and economic interest for consolidation and address accounting challenges such as access to information and timeliness.
Public Charities Breakout
Takeaways
- In-kind grants of leases: Our specialists provide detailed accounting guidance for free leases or rentals below fair value, including examples and challenges.
- Cybersecurity: From the CrowdStrike event and ransomware, to AI risk and cyber resilience, all organizations need to be prepared and ready for cyberthreats.
- Tax landscape: Our specialists are keeping an eye on presidential and executive actions, IRS funding, TCJA expiring provisions, Inflation Reduction Act, and more tax reform or legislation.
- Chevron ruling: The Chevron ruling in June 2024 eliminated federal judicial deference to agency regulations, potentially weakening federal agency power and increasing litigation.
The true value of AI comes from how it solves challenges. At Crowe, our purpose-built approach aligns to your unique business needs, creating measurable outcomes through a collaborative process.
As a new environment emerges, get insights to help inform your tax planning. Our tax specialists will offer insight into President Trump's potential tax proposals.
An increasingly complex regulatory environment can feel overwhelming. Get a better understanding of requirements and enforcement with help from experienced specialists who understand the regulators.
The true value of AI comes from how it solves challenges. At Crowe, our purpose-built approach aligns to your unique business needs, creating measurable outcomes through a collaborative process.
As a new environment emerges, get insights to help inform your tax planning. Our tax specialists will offer insight into President Trump's potential tax proposals.
An increasingly complex regulatory environment can feel overwhelming. Get a better understanding of requirements and enforcement with help from experienced specialists who understand the regulators.
Contact us
Rachel Spurlock
Managing Partner,
Exempt Organizations Tax Services; Office Managing Partner, Louisville
