This legislation mandates that executive agencies reduce cost-sharing requirements by 25 percent for grants awarded directly to specific nonprofit organizations. This provision will be in effect for a period of five years following the bill's enactment, aiming to alleviate financial burdens on these organizations. An eligible nonprofit organization is defined as a 501(c)(3) organization situated in a State where more than 20 percent of its residents live below the Federal poverty line. The term "State" encompasses the several States, the District of Columbia, U.S. commonwealths, territories, possessions, and federally recognized Tribes, ensuring broad applicability to underserved areas.