2019 Giving USA Report, Reimagining Council Membership Updates, Member Highlights, New Resources, Trends and more.
2019 Corporate HUD Award Winners, Council blog post on the 21% Excise Tax on Nonprofit Executives, Legal Matters in LA, and more.
Reimagining Council Membership Updates, Leading Together 2019, Member Highlights, New Resources, Trends and more.
Lindsay Mason describes her member visits in California, as well as providing information on a new Legal Matters series aimed at corporate partners and an upcoming session on racial equity.
Listen to three corporate foundations as they explore how companies are taking different approaches to adopting and leveraging SDGs to maximize their impact, both domestically and globally.
I can’t believe the month of May is almost over and I am embarking on my 60th day at the Council! I have enjoyed meeting various corporate foundations and hearing about the amazing work you are leading across the country during my first two months. This week, I met with Tiffany & Co. to learn about their leadership in coral conservation; listened to Pfzier and PVH’s innovative approaches to corporate volunteerism; and dove deep into conversation with JP Morgan Chase about their commitment to scaling global workforce development initiatives.
Earlier this week, we held a webinar on tax reform and its effect on corporate foundations, an area that many corporate members have asked about since the beginning of the year. During the webinar, the Council’s Senior Counsel, Suzanne Friday, discussed a range of issues, including a provision that was recently passed in connection with the federal budget and now provides an important exception to the excess business holding rule for private foundations.
Many businesses set up related charitable organizations for the purpose of engaging in philanthropic endeavors supported by the company. Because the funding for these charitable organizations is derived primarily from contributions from the business, these entities typically are unable to qualify as public charities and instead qualify as private foundations. This chapter of Mastering Foundation Law explores the special issues faced by corporate foundations as a result of their close relationship with their founding business.