Public Policy

In 2012, the Department of Treasury and the IRS issued proposed regulations applicable to private foundations seeking to make grants to foreign organizations using equivalency determinations. At the time, the Council submitted comments in support of the rules, and urged Treasury and the IRS to consider making additional clarifications to the rules that apply to international grantmaking. Today, Treasury and the IRS published a final version of these rules in the Federal Register. The final regulations take up many of the issues that the Council has asked Treasury to address for years in an effort to reduce barriers to global grantmaking for foundations. We commend Treasury for finalizing these rules.

In this week's Washington Snapshot: News from the Hill; Regulatory News; Trending in Legal Affairs; Happening in the States; Philanthropy News & Op-Eds; Council Hosts Nonprofit Media Luncheon; and more!

The Council submitted comments to the Department of Treasury regarding the Form 990. These comments highlighted elements of the Form that our Legal Affairs team receives inquiries about most often, and that we've found to create issues for participants of our National Standards for U.S. Community Foundations® program.

Are you concerned about the state of higher education in the U.S.? This webinar features policy and foundation guest speakers who provide an overview of the status of Congressional reauthorization of the Higher Education Act. This legislation would authorize billions of dollars for Pell Grants, student loans, and other additional resources for students, teachers, and institutions of higher education. Issues that are likely to be debated include the affordability of college; access to, persistence during and completion of a college degree; better information for consumers; student loan programs; accreditation and oversight; innovation; and the burden of federal reporting and regulations. View this webinar to hear why the philanthropic sector should be interested in the outcome of the legislation.

In this week's Washington Snapshot: Nonprofit Media Event; Activate in August; News from the Hill; Regulatory News; Trending in Legal Affairs; Happening in the States; Happening Around the Globe; Philanthropy News & Op-Eds; and more!