President Obama unveiled his Fiscal Year 2015 Budget yesterday, which sets forth the Administration’s spending and policy priorities for the coming year. The Budget presents a fiscal plan oriented around three White House priorities: accelerating economic growth, expanding opportunity for all Americans, and reducing deficits. To cover the cost of these proposals, the Administration seeks to close certain “tax loopholes” it views as providing particular benefit to the wealthy, such as the carried interest deduction.
Public foundations are grantmaking public charities that gain their funds from a variety of sources, which may include foundations, individuals, corporations, or public entities. Public foundations may engage in fundraising, and may seek broad public financial support. They may or may not have endowments. There is no legal definition of a public foundation, but most dedicate a significant portion of their annual budgets to grantmaking. Most community foundations are also grantmaking public charities.
Since public foundations may be defined in different ways, and there is no official IRS or legal definition of public foundations, it is difficult to arrive at statistics that are fully representative of the field.
Below is everything on our site for public foundations. You can use the filtering options on the right to narrow these results.
In this week's This Week at the Council, you'll read about:
- Tax Policy Debate Heats Up
- Philanthropy Week in Washington Final Preparations
- Council Responds to Chairman Camp
- Council to IRS: 501(c)(4) Rules Go Too Far
- Twitter Chat on Friday, March 7, 12pm
- Private Foundation Investment Study
As President Obama presents his proposed budget and as Congress considers comprehensive tax reform, proposed policy changes could have a significant – and potentially harmful – impact on philanthropy’s effectiveness. That’s why the Council on Foundations is pleased to welcome nearly 150 leaders from throughout the philanthropic sector for the first annual Philanthropy Week in Washington March 3-7, 2014.
In this week's This Week at the Council you'll read about:
- Gearing Up for Philanthropy Week in Washington
- Reminder: Call For Sessions
- Video: Creating Effective Stories Lawmakers Will Remember
- Community Foundations Use Information to Drive Impact
- Deadline Extended: Field Comment on National Standards Revisions
The Community Foundations National Standards Board (CFNSB) announces an extension to the public comment period for the Proposed Revised National Standards. These revisions are being made as part of a five-year review cycle and will remain open to public comment until February 26, 2014.
In this week's This Week at the Council, you'll read:
Tell Us About Your Professional Development Needs
Call for Sessions
Be a part of the 2014 Annual Conference: Philanthropy Exchange!
The Council is issuing a Call for Sessions to leading civil and social innovators. We are looking to you for well-developed sessions that offer diverse perspectives, concrete solutions, and fresh insights into our Spotlight Issue: The Role of Philanthropy in an Increasingly Polarized Society.