Today, Independent Sector and the Council on Foundations, supported by 18 other leading philanthropic and charitable organizations, urged Congress to take immediate action to make permanent the three currently expired charitable giving incentives that are part of the tax extenders package. Collectively representing tens of thousands of charities and foundations across the charitable sector, these organizations also held an event on Capitol Hill to brief lawmakers on the value of these incentives and sent a letter calling for swift legislative action.
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.
On September 25th at the United Nations, 193 countries ratified the Sustainable Development Goals, a set of global targets that will serve as a new global framework for how governments, philanthropy, non-profits, and the private sector can work together to address challenges all of us and the communities we serve face on a local and global scale. Council staff have been participating in conversations about achieving these goals and philanthropy’s critical role in this endeavor.
In the last year, there has been a spike in the number of refugees fleeing into Europe. There are still three-and-a-half months left in 2015, but the number of arriving refugees this year is already more than double the amount from all of 2014. The camps and centers that some refugees are forced to stay in are overcrowded and often lack food, water and other basic necessities.
The Council submitted comments to the Department of Treasury regarding the Form 990. These comments highlighted elements of the Form that our Legal Affairs team receives inquiries about most often, and that we've found to create issues for participants of our National Standards for U.S. Community Foundations® program.
Delivered Monday, July 13 during the 2015 NAACP National Convention along with Senator Casey, Congresswoman Debbie Wasserman Schultz, Chairman G.K. Butterfield and more.
The full video remarks can be viewed here with Vikki Spruill starting at 1:11.
Building Successful Collaborations in Philanthropy
This morning, Council President and CEO Vikki Spruill helped launch a new platform on the Huffington Post that highlights important developments and leading thinkers on social innovation. The blog features thoughts from leaders such as Clara Miller of the F.B. Heron Foundation and Maria Rodale of the Rodale Institute.
On May 30, David Callahan, editor of Inside Philanthropy, published a short-sighted opinion piece on philanthropy in the New York Times. Given its reach, the Council believed that the piece warranted a strong and united response.
The 2015 Grantmakers Salary and Benefits Survey is now open. The survey collects information on benefits policies and practices, as well as compensation data for 35 positions at community, corporate, private, public, and operating foundations.
This week, American Bar Association (ABA) has selected the Council’s Senior Counsel and Vice President of Legal Affairs Suzanne Friday for its prestigious “Outstanding Nonprofit Lawyer Award” in recognition of “distinguished service by a nonprofit – in-house counsel.” This award is chosen by The Nonprofit Organizations Committee of the American Bar Association, Business Law Section, celebrating the work of accomplished and civic-minded nonprofit lawyers.
The Philanthropy-Joining Forces Impact Pledge today announced more than $106 million in new commitments to strengthen services and support for millions of veterans and military families throughout America. Six new grantmakers joined more than 30 philanthropic organizations and corporations that made the Impact Pledge since 2014.
Since last year’s Impact Pledge announcement of $170,000,000, an additional $106,225,000 has been committed (both cash and in-kind), bringing the total to $276,225,000. These new Impact Pledge members include: