Join the Philanthropy Caucus for a social reception to conclude Foundations on the Hill. Network with representatives from a variety of charitable foundations and organizations, lawmakers, and Congressional staff in an event to recognize the role of philanthropy as a unique stakeholder in collective efforts to address some of today's toughest challenges.
Private foundations make grants based on charitable endowments. The endowment funds come from one or a small handful of sources -- an individual, a family or a corporation. Because of their endowments, they are focused primarily on grantmaking and generally do not raise funds or seek public financial support the way public charities (like community foundations) must.
Private independent foundations are distinct from private family or corporate foundations in that an independent foundation is not governed by the benefactor, the benefactor’s family or a corporation. Of the largest private foundations in the United States, most are independent foundations, although they may have begun as family foundations or were converted from corporate foundations. There is no official IRS or legal definition of independent foundations, so it is difficult to arrive at statistics that are fully representative of the field.
Below is everything on our site for independent foundations. You can use the filtering options on the right to narrow these results.
In this Week’s Edition of Snapshot…
- Tax Reform Update: Mnuchin confirmed as Treasury Secretary, Bishop names to Ways & Means, Trump Administration working on a tax overhaul plan, Congress aims to keep tax reform train on track
- IRS seeks to understand how the regulatory ban will impact its work
- Council Hosts Collaborative Meeting with Federal Agencies and Philanthropic Stakeholders
- U.S. nonprofits working abroad face financial difficulties, according to a new study
The webinar provided an analysis of the impact that President Trump's Executive Order 13769, Protecting the Nation from Terrorist Attacks by Foreign Nationals, may have on your foundation's work domestically and globally.
On March 8th, Suzanne Friday, Senior Counsel and Vice President of Legal Affairs at the Council on Foundation guided us through the ins and outs of the Private Foundation Minimum Distribution Requirement.
Over the past several months, Council staff have held conversations with foundation leaders who are grappling with how to understand philanthropy’s role as the new Administration challenges the way our country has traditionally operated. The pace with which significant changes are proposed and executed is making it difficult for even the best strategic jugglers to know how, if, or when to react. Most will admit that these are unusual times. Some describe what’s happening as a shock to the system, sending waves of confusion through organizations and around the globe.
Thanks to everyone who attended the first Council Member Update of 2017.
Council President and CEO Vikki Spruill covered why this is such a critical time for philanthropy — and what the Council has planned in the year ahead to help strengthen the field.
In this Week’s Edition of Snapshot…
- Tax Reform Update: Council staff meets with Chairman Brady, there is a new member of Ways and Means, and tax bills are not in short supply
- The Council sends a letter to Congress about the “Johnson Amendment”
- A number of the President’s Cabinet Nominees have been confirmed
- The United Nations faces a possibility of decreased funding from the U.S.
- In the States: State-Level Opposition to Attacks on Foundation and Nonprofit Nonpartisanship
On January 27, President Trump issued an Executive Order on "Border Security and Immigration Enforcement Improvements." Since then, there have been protests in cities and airports around the nation, there have been statements from elected officials on both sides of the aisle, and there has been a great deal of discussion via social media.
On January 30, the Council hosted a conference call on President Trump's executive order, its legal underpinnings and challenges, and its impact on foundations and grantees.
Basic Rights and Rules for Foundations working with Non-US Citizens
Disclaimer: The information in this message and any attachments is being provided for informational purposes only and not as part of an attorney-client relationship. The information is not a substitute for expert legal, tax,or other professional advice tailored to your specific circumstances and may not be relied upon to avoid any penalties that may be imposed under the Internal Revenue Code.
Last Updated: March 17, 2017