In this week's Washington Snapshot: Voter Perceptions of the Charitable Sector; Formal Audit of Trump Foundation is Requested Amid Concerns of Self-Dealing; States File Lawsuit Against DOL to Challenge Overtime Rules; Election Day 2016: More than Presidential and Congressional Races; Government Grant/Contract Challenges Top List of Financial Professional Concerns; New Study on State Regulation and Enforcement in the Charitable Sector; Community Foundations Speak Out About New Rules; and more!
In this week's Washington Snapshot: Ways & Means Subcommittee Holds Hearing on University Endowments; Trump Shares Additional Insight into his Tax Plan; Senate Passes Bill to Improve Water Infrastructure; Koskinen Impeachment Hearing Postponed; DAFs: Appointed or Designated Advisors & Their Advisory Privilege; Voting Rights Under Attack in the States; Ford Foundation Moves to Integrate Disabilities into Inequality Focus; An Objective Comparison of the Clinton and Trump Foundations; and more!
In this week's Washington Snapshot: Chairman Roskam to Hold Another Hearing on University Endowments; Congress Must Address Spending Legislation Before Month Ends; Senator Wyden Releases Discussion Draft for RISE Act; States Face Mounting Deficits; Mississippi Empanels Tax and Spending Review Commission; Tax-Writing Chairmen and Ranking Members Pen Op-ed; NFL Team Makes $1 million Donation to Community Foundations; and more!
In this week's Washington Snapshot: Congressional Leaders Champion Social Investment; VA Report in the Spotlight this National Suicide Prevention Month; Corporate Foundations & Funding Talent Pipelines: An Act of Self-Dealing; Minnesota Cities Can't Tax Tax-Exempt Properties by Calling Assessments "Fees"; and more!
In this issue of Snapshot, you'll find: IRS Releases 2016-17 Priority Guidance Plan; FASB Releases New Accounting Standards for Nonprofits; HHS Resources to Address Health Crises in Your Community; So FATF Updated its Guidance: Now What?; Principles on New Funding Mechanisms Announced; Philanthropy Taking on Governments to Promote Nonprofits and Communities; Council Releases 2015 CCSF Report
For foundations that offer charitable remainder annuity trusts (CRATs), a new revenue procedure (Rev. Proc. 2016-41) offers a sample provision that may be included in the governing instrument of the trust (CRAT) and provides that the IRS will treat the sample provision as a qualified contingency within the meaning of § 664(f) of the Internal Revenue Code.
In this issue of Washington Snapshot, you'll find: Your Lawmakers are in Their Home States and Districts!; White House to Host Broadband Summit; Charitable Trusts Available to More People Under New IRS Guidance; Scrutiny of Endowments, PILOTs Grow; UPDATE: Massachusetts Property Tax Exemption Preserved for Foundations, Nonprofits; #ReasonsForHope Campaign Reaches 90 Signatories
In this week's Washington Snapshot: Just Announced: Speakers for Upcoming Webinar; Universal Human Rights: What are We Sharing Across Borders?; DAFs, Incapacity & Powers of Attorney; Special Sessions Called to Address Unbalanced Budgets; Election-Year Nonpartisanship Under Scrutiny; Private Funding of Government Responsibilities on the Rise; and more!
In this week's Washington Snapshot: New Tax Leadership for Senate Finance Democrats; White House Highlights Data in Response to Recent Tragedies; Council Launches Sustainable Development Goals Report; A Fund to Restore a Historic Building; Nonprofits, Funders Oppose Massachusetts Property Tax Mandate; Philanthropy's Role in Serving the "Public" Interest; and more!
There is no doubt that the US is suffering from what feels like the unravelling of social order. Recent shootings in Louisiana, Minnesota, and Texas have heightened deep-seated tensions relating to race and criminal justice. The presidential election has felt more like a schoolyard brawl than democracy in action. And anger continues to grow among millions suffering from joblessness, poverty and disenfranchisement.