What an incredible announcement on May 19 by billionaire and philanthropist Robert F. Smith who pledged to pay off the student loans of all 2019 Morehouse College graduates. How great for these students. However, as some observe, this incredible gesture of generosity may have a downside in the form of a potential tax bill for the students receiving the debt forgiveness.
Read updates on new legislation to track effectiveness of opportunity zones, Budget Caps and appropriations, and more.
In This Week's Edition of Snapshot: Preserve Charities and Houses of Worship Act Introduced; Request for Information on Opportunity Zones Regulations; At-Risk Community Index for 2020 Census; and States Continue Enacting Targeted Tax Credits.
Read updates from the hill including a bill passed to redesign the IRS, the Status of Government Grant and Contracting Reforms, and more
Read the latest news from the hill including info on a new donor advised funds bill being introduced in California.
Read the latest news from the hill including Caps on Sales Tax Exemptions for Nonprofits, Government-Nonprofit Grants Reform, and more
Read the latest news from the hill including updates on the Push for a Non-Itemizer Deduction, Open Government" Laws for Nonprofits and more
Read the update on President Trump's National Emergency Declaration, the Council's recommendations on UBIT, and more.
Read the update on the President Trump's National Emergency Declaration, the introduction of a Universal Charitable Giving bill, and more.
What are post-graduation scholarships and how can foundations and their communities benefit from them?