Public Policy

Philanthropy Week in Washington provides the opportunity to highlight the role and power of philanthropy in our country and across the globe. During Philanthropy Week in Washington, we shine a spotlight on American philanthropy’s critical role as a unique stakeholder in collective efforts to address some of today’s toughest challenges. Working with government, business, civic leaders and nonprofits, philanthropy can be a dynamic partner that leverages its resources and leadership for the common good. The week is also a channel to raise philanthropy’s voices to members of Congress, federal policymakers, and other Washington influencers, and remind them of what philanthropy and government can accomplish together.

In this week's Washington Snapshot: Senate Passes Permanent IRA Charitable Rollover; Council Submits Comments on IRS Gift Substantiation Proposal; Omnibus Blocks IRS Political Activity Rulemaking; FASB votes to Revise Nonprofit Presentation of Cash Flows; DAFs, IRAs, & BFFs; Pay For Success Programs Offer "No Free Lunch"; and more!

A proposed rule by the IRS would allow charities to file an additional information return by February 28th each year that includes taxpayer identification information for donors who contribute $250 or more, and provide a copy of the return to these donors in lieu of a contemporaneous written acknowledgment. The Council believes this rule is problematic, and submitted comments to the Treasury Department voicing our concerns. Notably, these comments reflected concern for 1) the administrative burden this process would place on charitable organizations to collect this information from donors, 2) the privacy of donors’ sensitive information, 3) the deterrent effect this could have on charities’ relationships with their donors, and 4) the “slippery slope” it poses to evolve from an optional method to a mandatory requirement.