Tax Reform: Charting the Future of Philanthropy

The Council on Foundations is pleased to announce two summer webinars that will delve into critical provisions in comprehensive tax reform proposal introduced by House Ways and Means Committee Chairman Dave Camp (R-MI-4). The proposal lays the groundwork for comprehensive tax reform, and contains dozens of provisions that affect foundations, including—

  • A payout requirement for donor advised funds;
  • A simplified private foundation excise tax;
  • The elimination of two types of supporting organizations;
  • New UBIT requirements; and
  • A floor on the charitable deduction for individual taxpayers.

For both programs, the Council’s policy team will be joined by other experts from the field, including tax attorneys, policy experts, foundation leaders and political analysts. Council staff and our panel of expert guests will:

  • Offer insight and opinions on the political environment for tax reform;
  • Navigate through both the changes proposed in the legislation and our understanding of the motivation behind those provisions;
  • Identify provisions that must be challenged and those we can support;
  • Suggest information and education efforts necessary to fortify our positions, including on-the-ground efforts that would be helpful during the summer Congressional recess;
  • Explore potential advocacy approaches as the Council and colleague organizations work with Congress towards tax reform that allows philanthropy to thrive; and
  • Highlight channels through which we’ll seek information from the field that will help shape and inform our positions.

Wednesday, June 25, 2:00-3:00 p.m. ET
PART I: Provisions on Donor Advised Funds and Supporting Organizations

This session will kick off with an update on current activity on Capitol Hill related to tax reform. Then we’ll turn to our expert guests to discuss the details of the proposed 5-year payout requirement for donor advised funds and the repeal of Type II and Type III supporting organizations. Participants will have plenty of opportunity to engage with the Council’s public policy team and our expert guest speakers and to ask us anything that’s on your mind about Chairman Camp’s bill or recent tax policy developments.

Watch a Copy of the Recording >>

Wednesday, July 9, 2:00-3:00 p.m. ET
PART II: Provisions on Individual Giving Incentives

This session will recap what we’re hearing about the tax reform environment on the Hill. We’ll then delve into provisions in Chairman Camp’s bill related to the charitable contributions of individual taxpayers, including: a 2% (of AGI) floor on the charitable deduction; a phase-out of the deduction for higher income earners; the shift of the majority of itemizers to non-itemizers; the extension of the deadline for deductible donations to April 15th of the calendar year; and the latest intel on the IRA charitable rollover and the other charitable “tax extenders.”

Watch a Copy of the Recording >>