The Council has concerns about proposals in recent years that would expand the scope of the unrelated business income tax.
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 foundation” is the umbrella term that includes corporate, independent, family, and operating foundations. As of 2011, there were 73,764 private foundations in the United States (Foundation Center, 2011).
In 2011, private foundations held more than $604 billion in assets and gave away more than $45 billion (Foundation Center, 2011).
Below is everything on our site for private foundations. You can use the filtering options on the right to narrow these results.
The Council opposes any policy proposal that would eliminate types of supporting organizations and reduce the variety and flexibility of charitable giving tools available to foundations and donors alike.
The Council has strongly advocated for simplifying the private foundation excise tax to a flat rate for over a decade. For the past few years, a flat rate of 1 percent has been floated by policymakers, and the Council supports this simplification.
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.
Interning at the Council on Foundations is giving us a great look at a cross-section of the philanthropic field. The Council’s members, after all, come in all shapes and sizes – large, small, corporate, community foundations, and everything in between. As much as we research them, as much as we hear their names thrown around, the opportunity to actually visit and connect with a member really brought our work into context.
On July 26th, we mark the 25th anniversary of the Americans with Disabilities Act of 1990 (ADA25), which prohibits discrimination and ensures equal opportunity for persons with disabilities in employment, government services, public accommodations, commercial facilities, and transportation. The impact of the ADA on grant-funded projects in healthcare, education and housing has been significant, as the 57 million Americans with disabilities comprise the nation’s largest minority.
As part of the Council’s global philanthropy program, this members-only conference call on July 1, 2015 provided an overview on policy developments in Mexico that are impacting the flow of U.S. philanthropy into the country. On the call, expert speakers delved into the implications for funders of a new anti-money laundering law, changes to the Mexican tax code, and the consequences of the U.S.-Mexico trade agreement.
My book Charitable Foundations: The Essential Guide to Giving and Compliance was published in May 2015. Since publication, a number of people have asked me what led me to write the book. The Council on Foundations has asked me to address that subject in a blog.
The year I was born, 1963, being gay was officially deemed a mental illness by the medical establishment. Same-sex relationships were illegal in every state, save Illinois. The federal government maintained a policy that prohibited the hiring of "known perverts,” then referring to lesbian, gay, bisexual, and transgender (LGBT) Americans.
What a long way we have come to today, the day marriage equality was deemed the law of the land by the highest court in our nation.
Social change transpires at a blistering pace, in both promising and discouraging trajectories. After growing up in isolation in South Dakota and cutting my teeth decades ago as an LGBTQ human rights activist, I’m gob-smacked and elated by today’s Supreme Court decision.
This decision is historic for what it accomplished: it righted a wrong. It’s also momentous for what it represents. Empathy. Courage. Equality. Progress.