Top-line summary about the issue of corporate integration and its implications for tax reform and philanthropy.
In this week's Washington Snapshot: New PRI Regulations Released by Treasury; Senate Finance Committee to Hold Hearing on Tax Reform; Artist-Museum Partnership Bill Introduced in the House; More Legislative Activity in the House; Council Represents U.S. Philanthropy in Vienna; China to Review International NGO Legislation; Related Use Rule: To Accept Johnny Cash Artwork, Foundation Must "Walk the Line"; State Budget Crises Spawn Bad Policy Proposals; and more!
On April 25, 2016, the Treasury Department officially published final regulations providing nine new examples of permissible program-related investments (PRIs). The new examples were first drafted as foundations came to sense that the existing regulations were too narrow and did not adequately address the full range of investment opportunities available to foundations.
In this week's Washington Snapshot: Annual Conference & Philanthropy Week Highlights; IRA Charitable Rollover Bill Introduced in House; Ways & Means Tax Policy Committee Holds Second Tax Reform Hearing; Clarifying Permissible Distributions for IRA Charitable Rollover; Constitutional Liberties at Risk in States; D5 Coalition Co-Chairs Share Update on Diversity in the Sector; White House Hosts Council Members for Roundtable on Outcomes and Evidence; and more!
In this week's Washington Snapshot: Charity Bill Introduced in Senate; Council Signs Onto Administration's Fair Business Pledge; States Addressing Employment Policies in Different Ways; Council Board Chair Pens Op-Ed on Value of Perpetuity; and more!
In this week's Washington Snapshot: House Tax Policy Subcommittee to Hold Next Tax Reform Hearing; Council Submits Input on Multistate Registration and Filing Project; Accepting Donations for Individuals is Not Charitable; Connecticut Challenges Reflect National Trends; North Carolina Legislators Recommend Taxing Donors on Gifts from IRAs; and more!
The Council submitted a letter on March 31, 2016 in response to a request for information (RFI) issued in February by the Multistate Registration and Filing Project (MRFP)—an organization that works with the National Association of State Charity Officials (NASCO) and the National Association of Attorneys General (NAAG) to consolidate the information and data requirements of all states that require registration of nonprofit organizations performing charitable solicitations within their jurisdictions. The purpose of these comments is to provide the Council’s input as it relates to need of a single online portal, as well as the Council’s experience and knowledge of online platforms.
Use these resources in your meetings on the Hill and to promote the work back home. Make sure to check back regularly as updates may be released.
In this week's Washington Snapshot: House Tax Policy Subcommittee Holds Hearing on Tax Reform Proposals; IRS Invites Comments for 2016-17 Priority Guidance; Can a Foundation Re-Purpose Unclaimed Charitable Contributions?; Public University Foundations Under Scrutiny; Advocacy, Fundraising Rights Under Attack in Oklahoma, Missouri; Evolution of Democracy Funding in Society; and more!
In this week's Washington Snapshot: Hearing on Tax Reform Proposals Set for Next Week; Machine-Readable Forms 990 Soon to be Available to Public; Correcting a Fund Agreement; The Challenges of State Budget Crises on Foundations, Nonprofit Missions; Lessons Learned When a Nonprofit Closes its Doors; Foundations and Social Movements; and more!