ACR News 3.16.18 – Fixes for Glitches?
>> Federal: Washington Roundup >> Federal: Tax Reform Glitches and More Cuts >> Federal: ACR Summit for Leaders >> Consider This: Mistakes Were Made >> Top Reads: Foundations Fan Out on Capitol Hill to Press Their Case on Taxes and Other Worries Washington Roundup Last month, lawmakers passed a short-term funding package in their two-year budget deal […]
2018 ACR Summit for Leaders Wrap-Up
More than 200 foundation representatives and nonprofit leaders attended the 2018 ACR Summit for Leaders on March 13, our annual policy program held as part of United Philanthropy Forum’s Foundations on the Hill. Coming on the heels of the first comprehensive tax reform legislation in over three decades, attendees were anxious to hear from leaders […]
Roundtable Submits Comments to Treasury on Foundation Use Of Donor-Advised Funds
The Philanthropy Roundtable has submitted public comment to the U.S. Department of Treasury detailing how donor-advised funds (DAFs) are a valuable tool for foundations in fulfilling their charitable purpose. The submission comes as Treasury has solicited public feedback on 1) how private foundations use DAFs to support their charitable purposes, and 2) how transfers of […]
ACR News 2.23.18 – More States Considering SALT Workarounds, Continued Support for Universal Charitable Deduction
>> Federal: Washington Roundup >> Federal: Universal Charitable Giving Act >> Local: State-level SALT Workarounds >> Invitation: ACR Summit for Leaders >> Consider This: How About Never? >> Top Reads: Outlook for 2018-19 Charitable Giving Mixed Washington Roundup Earlier this month lawmakers passed a bipartisan budget deal that would lift spending levels for defense and non-defense programs over […]
ACR News 12.8.17 – A Meeting of the Minds
>> Federal: Washington Roundup >> Federal: Conference Committee: A Meeting of the Minds >> Federal: What a Will be in the Bill? >> Federal: What Comes Next? >> Federal: That Pesky Budget >> Federal: Roadmap for Action – December >> Consider This: Unintended Consequences >> Top Reads: Final Senate Bill Provides Little For Nonprofits Washington Roundup This […]
Universal Charitable Deduction, CHARITY Act Offered as Amendments to Senate Tax Reform Bill
WASHINGTON, D.C.— Two amendments aimed at protecting and expanding charitable giving will be considered by the Senate Finance Committee this week during the markup of the Senate tax reform bill, the Tax Cuts and Jobs Act. The first is an amendment from Sens. Debbie Stabenow (D-MI) and Ron Wyden (D-OR) that seeks to prevent almost […]
What’s in the House Tax Bill?
Yesterday, House Republicans issued their tax reform bill, H.R. 1, the Tax Cuts and Jobs Act. As was anticipated, the tax reform bill doubles the standard deduction, reducing the number of itemizers from one-third of Americans to about five percent. According to IRS data, this would remove the tax incentive for an estimated $95 billion […]
ACR News 9.15.17 – Where are we on Tax Reform?
>> Federal: Washington Roundup >> Federal: So, What’s Up with Tax Reform? >> Federal: Senate Finance Committee Hearing on Individual Tax Reform >> Federal: Tax Reform and Philanthropy’s 3 Percent Solution >> Federal: Faith and Giving Coalition Briefing >> Federal: Roadmap for Action – September >> Consider This: Congress is Back in Town >> Top Reads: Nonprofits […]
Nonprofits Offer Joint Response on DAFs to Senate Finance Committee
The Philanthropy Roundtable signed onto a letter to Senate Finance Committee leadership this week in response to a prior letter from donor-advised fund (DAF) critics Ray Madoff and Roger Colinvaux, who proposed increased regulations on DAFs. The Committee invited the response after Madoff and Colinvaux proposed implementing forced payouts on DAFs and disallowing transfers from […]