Independent Foundations

Private foundations make grants based on charitable endowments. The endowment funds come from one or a small handful of sources -- an individual, a family or a corporation. Because of their endowments, they are focused primarily on grantmaking and generally do not raise funds or seek public financial support the way public charities (like community foundations) must.

Private independent foundations are distinct from private family or corporate foundations in that an independent foundation is not governed by the benefactor, the benefactor’s family or a corporation. Of the largest private foundations in the United States, most are independent foundations, although they may have begun as family foundations or were converted from corporate foundations. There is no official IRS or legal definition of independent foundations, so it is difficult to arrive at statistics that are fully representative of the field.

Below is everything on our site for independent foundations. You can use the filtering options on the right to narrow these results.

The Council submitted comments to the IRS on a proposed rule that outlined a handful of regulations for Type I and Type III supporting organizations. Introduced in February 2016, we identified two proposed regulations that are relevant for our sector:

Although the non-profit sector in America is well developed, I’ve often heard foundation and non-profit executives discuss the challenge of attracting and keeping high-performing staff and volunteers. So imagine how that problem is magnified in the developing world, where NGOs make a critical difference every day in the lives of children and families.

On May 18, 2016, President Obama and Secretary Perez announced the publication of the Department of Labor’s final rule updating the overtime regulations.

The Council has been following this issue closely and is here to help you understand how the changes could impact you and your organization. A full analysis, including implementation options, for the final rule is available on our website. Just follow the link below.

On May 18, 2016, President Obama and Secretary Perez announced the publication of the Department of Labor’s final rule updating the overtime regulations.

Key Provisions

The Final Rule focuses primarily on updating the salary and compensation levels needed for Executive, Administrative and Professional workers to be exempt. Specifically, the Final Rule:

The Council on Foundations wrote to the Department of Treasury and the Internal Revenue Service (IRS)  to urge them to prioritize several regulations and guidance documents that impact our members. Each year, the Priority Guidance Plan identifies and prioritizes those tax issues that the agencies should address through regulations or revenue rulings, procedures, notices, and guidance throughout the upcoming year.

In this week's Washington Snapshot:

Corporate tax integration (“corporate integration”) is a tax reform topic that Senate Finance Chairman Orrin Hatch (R-UT) has been discussing for some time now. Chairman Hatch has indicated his intent to present a corporate integration proposal by the end of June 2016.