Public Policy

On May 18, 2016, President Obama and Secretary Perez announced the publication of the Department of Labor’s final rule updating the overtime regulations. The Council has been following this issue closely and is here to help you understand how the changes could impact you and your organization.

In this week's Washington Snapshot: Corporate Tax Integration and Philanthropy: What Does it Mean?; Ways and Means Subcommittee Holds Hearing on Tax Reform; Council to Submit Comments on IRS Priority Guidance; Giving Greek: To Establish a Fund for a Fraternity, Find Charitable Purpose; Michigan Seeks to End Confusion Over Property Tax Exemptions as Turmoil Continues Elsewhere; Coalition of Foundations Coming Together to Give $125 million in Flint; and more!

Corporate tax integration (“corporate integration”) is a tax reform topic that Senate Finance Chairman Orrin Hatch (R-UT) has been discussing for some time now. Chairman Hatch has indicated his intent to present a corporate integration proposal by the end of June 2016. This is an in-depth analysis on the potential implications of such a proposal on philanthropy.

In this week's Washington Snapshot: Ways and Means Making Progress on Tax Reform Plan; Race-Based Scholarships and Proving an Applicant's Status; California Bill Seeks to Mandate Website, Fundraising Text for Organizations Throughout the U.S.; Shareholder Activism Targets Lobbying Disclosure; and more!

In this week's Washington Snapshot: Chairman Hatch Continues Discussions on Corporate Integration; Ways and Means Committee Holds Markup; Estate Tax Bill Introduced in the House; UPDATE: Chinese NGO Legislation Passed into Law; Council Submits Comments to FATF on Recommendation 8; Council Analysis of New PRI Regulations is Now Available; Update on Donor Privacy Case in California; Corporate Foundations, Annual Distributions, and Self-Dealing; Nonprofits Coalesce Behind Solutions to Student Loan Debt Crisis; Foundation Leaders Continue to Speak on the Value of Perpetuity; and more!

This is the Council on Foundations team reporting from the 33rd Annual Representing and Managing Tax-Exempt Organizations Conference. This conference is the best-attended EO conference in the United States, and we are thrilled to see so many of our members and colleagues here.