Senator Baucus released tax reform discussion drafts in 2013, including the tax administration draft, which proposes requiring all tax-exempt organizations to electronically file their Form 990s.
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 on Foundations is pleased to announce…
Websites are live, registration is now open, and the hotel block is available for Philanthropy Week in Washington 2014!
Now, more than ever, we must protect and enhance philanthropy in America. Philanthropy has been a pillar of our society from the time of our founders. Let’s continue to educate federal lawmakers on the imperative role of philanthropy before proposals that could alter tax policy and uproot the sector’s ability to advance the public good take hold.
Members can now download the 2012 Council on Foundations–Commonfund Study of Investments for Private Foundations through the Council store. We are making this resource available to our members at no cost (a $750 value), so be sure to get your copy today.
Council on Foundations president and CEO Vikki Spruill and several Council members met with Congressional leaders today to deliver the important message that changes to the charitable tax deduction would diminish its value and have an undeniably negative impact on communities across the United States. Reductions in the charitable tax deduction would result in diminished support for health and human services, fewer nonprofit jobs, a reduction in research and development capacity, less educational opportunity, cuts to art funding, and decreases in economic development.
The Council on Foundations today announced the first members of its network team, which will facilitate the flow of information and ideas across the philanthropic sector. The network team will connect members around common issues of concern, connect our members to outside resources across sectors, and —if necessary— build new products and services.