Moments ago the House of Representatives passed the PATH Act making the IRA Charitable Rollover and two other charitable giving incentives permanent law. Members of the House showed strong bipartisan support for these important measures with a vote of 318 - 109.
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.
In this week's Washington Snapshot:
- Extender Negotiations Coming Down to the Wire;
- CRS Releases New Report on Endowments;
- Comments for IRS Gift Substantiation Proposal Due Soon;
- New Jersey Tax Challenge Heard 'Round the Country;
- Oregon Op-Ed Explains Why Charitable Giving Incentives are Important.
Read all this and more, online now!
This article appears in the December 2015 edition of Alliance Magazine.
The Sustainable Development Goals (SDGs) provide an opportunity to not only address challenges in developing countries, but also to make progress on many of the same challenges that persist in ‘developed’ countries.
The 2015 Board Compensation Tables provide foundations with tools to benchmark their board compensation practices against peers in the field. Containing data collected through the Council’s 2015 Grantmakers Salary and Benefits survey, this report offers detailed breakdowns of the data by foundation type and asset size.
The 2015 Program & Administrative Expenses Tables provide foundations with tools to benchmark their administrative expenses – their grants, salaries, qualifying distributions, etc. – against peers in the field. Containing data collected through the Council’s 2015 Grantmakers Salary and Benefits survey, this report offers detailed breakdowns of the data by foundation type, staff size, geographic location, and asset size. The report does not examine fees associated with fund operations at community foundations.
Today, the Council on Foundations releases the following statement from its Vice President of Communications Jesse Salazar:
“The Council on Foundations provides leadership opportunities and tools philanthropic organizations need to make a meaningful difference in the life of communities. As a national organization with a large and diverse membership, the Council is the principal voice for philanthropy. The Council focuses its work on strengthening the field and promoting its value, especially with policymakers and the public.
In this week's Washington Snapshot:
Monday, April 25, 2016
Community Foundation Day
8:00 a.m. - 9:00 a.m. – Breakfast & Registration
Today, more than 30,000 organizations, countless individuals, and a host of policymakers are celebrating the importance and impact of charitable giving and philanthropy.
Philanthropy holds a unique role in American society. Philanthropic leaders and foundations play a significant role fostering vibrant communities across our country. The Council supports this role and regularly brings foundation leaders together to learn and share from each other.