Foundations On The Hill

In this week's Washington Snapshot: POTUS Sends FY 2017 Budget Proposal to Congress; Congress Requests Endowment Information from Universities; Crossroads GPS Group Granted (c)(4) Status; Borrowing from One's Agency Endowment; State Budget Challenges Raising Tensions, Anxiety for Nonprofits; FASB Outreach on Proposed Change to Nonprofit Accounting Standards; and more!

The Council on Foundations is excited to launch Seasons of Giving, a quarterly newsletter with valuable insights to help you advance your work and increase your impact.

In this week's snapshot, you'll read about: Camp Bill Sets Critical Precedents; 501(c)(4) Rules Elicit Strong Public Response; Philanthropy Week in Washington Recap; Other News in Philanthropy

Right now, over 200 leaders from across the philanthropic sector are uniting in Washington, D.C. to tell their lawmakers that thriving philanthropy builds thriving communities. As lawmakers contemplate comprehensive tax reform, individual changes to the tax code and the President’s FY2015 budget, we must ensure Washington understands that tax policy matters to philanthropy.

Due to the winter storm impacting the DC area, the Senate has postponed all votes until Wednesday. In light of this and potentially dangerous travel to and around DC early tomorrow, the chairs of the Caucus and the Council have decided that it would be best to postpone tomorrow’s Senate Philanthropy Caucus Roundtable Discussion.

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

In this week's issue: Senate Philanthropy Caucus Briefing During Philanthropy Week; Camp tax reform plan expected next week; More tax extenders buzz; Polarized views on IRS political activity rules; IRS 2013 Changes to Form 990-PF; State Activity