Wednesday, December 16, 2015
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.
Tuesday, December 8, 2015
Today, the Council on Foundations releases the following statement from its Vice President of Communications Jesse Salazar.
Wednesday, October 21, 2015
Today, Independent Sector and the Council on Foundations, supported by 18 other leading philanthropic and charitable organizations, urged Congress to take immediate action to make permanent the three currently expired charitable giving incentives that are part of the tax extenders package.
Thursday, October 1, 2015
On September 25th at the United Nations, 193 countries ratified the Sustainable Development Goals, a set of global targets that will serve as a new global framework for how governments, philanthropy, non-profits, and the private sector can work together to address challenges all of us and the communities we serve face on a local and global scale. Council staff and I have been participating in conversations about achieving these goals and philanthropy’s critical role in this endeavor. My recent op-ed in the Chronicle of Philanthropy last week underscored this point.
Friday, September 11, 2015
Learn more about online resources and recent webinars for funders working to address the European refugee crisis.
Friday, September 11, 2015
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.
Thursday, August 27, 2015
Data gathered from 244 private and community foundations participating in the 2014 Council on Foundations–Commonfund Study of Investment of Endowments for Private and Community FoundationsTM (CCSF) show that the 142 private foundations participating in the study reported an average return of 6.1 percent for the 2014 fiscal year (January 1 – December 31, 2014), down from the 15.6 percent return reported for FY2013, while the 102 participating community foundations reported an average return of 4.8 percent for FY2014 compared to last year’s average return of 15.2 percent.
Monday, July 13, 2015
Good morning! My name is Vikki Spruill. On behalf of the Council on Foundations and our global network of grantmaking foundations and corporations, I offer you warm greetings from the country’s philanthropic community.
Monday, June 15, 2015
This morning, Council President and CEO Vikki Spruill helped launch a new platform on the Huffington Post that highlights important developments and leading thinkers on social innovation. The blog features thoughts from leaders such as Clara Miller of the F.B. Heron Foundation and Maria Rodale of the Rodale Institute.
Friday, June 5, 2015
Working with our colleagues who understand the value of philanthropy, the Council's President & CEO Vikki Spruill co-wrote a letter to the editor with senior leaders from both United Way Worldwide and The Jewish Federations of North America.