Legal Updates

• Analysis of IRA Charitable Rollover Extension - January 2, 2013

• Type III Supporting Organizations Final and Temporary Regulations - December 28, 2012

• Council on Foundations & TechSoup Global Comments to Treasury Dept. on Reliance Standards for Equivalency Determinations - December 21, 2012

• Hurricane Sandy Treated as Qualified Disaster

• Proposed Treasury and IRS Rules Would Reduce Barriers to Global Grantmaking 
  Long-awaited regulatory changes affect the process for determining whether a foreign nongovernmental organization meets U.S. standards for charitable giving. Janne Gallagher, the Council's senior vice president and general council, and Sheila Warren, director of NGOsource for TechSoup Global, will provide details and insights during a special call on October 5 at 1 p.m. ET. Read the Council analysis of the proposed regulations.

• Why the IRS Rulings on PRIs Matter
  The IRS issues new examples of ways for philanthropic organizations to engage in program-related investing (PRIs). The Council submitted comments to the IRS applauding the agency for recognizing the need for new and modernized examples of PRIs. Read the blog from Re: Our Philanthropy, view the proposed regulations or learn more about PRIs and other mission investing at Mission Investors Exchange.

• Congressional Research Service examines charitable giving and donor-advised funds.
  View the report.
  View the Council summary of the report.

• Grantmakers searching for more detailed information about the charitable status of their potential grantees may find the answers they need in the IRS’ Select Check tool, including whether or not a charity is a supporting organization, its Type, and whether it is functionally integrated. Learn more.

• IRS 2012 Work Plan Includes Focus on International Transactions by Private Foundations

• Council on Foundations Urges Treasury to Make Equivalency Determination Process Easier for Foundations.
  View the correspondence.

• Updated Edition of Family Foundations and the Law: Answers to Essential Questions
  The fourth edition is now available for purchase through the Council bookstore.

• Updated Edition of Beyond Our Borders: A Guide to Making Grants Outside the United States
  The fourth edition is now available for purchase through the Council bookstore.

• Resources on IRS Audits for Community Foundations
  Resources from the Council, the field and the IRS Exempt Organization Division for community foundations.

• Treasury Report on Donor-Advised Funds and Supporting Organizations
  Read the Council summary and analysis of the issues contained in the report (members only). Download the full report.