PF Excise Tax

Influencing Policy in 2020

Given the upcoming election, policy work on Capitol Hill may be slower this year, but there’s plenty of action at the Treasury Department and in the presidential campaigns that are making headlines targeting philanthropy and the charitable deduction. So a little bit of context: At the end of last year, the sector had two big […]

Private Foundation Excise Tax

  Private foundations are required to pay an annual excise tax on their net investment income. For years, these foundations have labored with a complex excise tax formula that, in effect, penalized discrete grants under extraordinary circumstances, from grants for disaster relief to grants for an unplanned, compelling project. In 2019, ACR and our allies […]

Washington Roundup: The Charitable Sector Racks Up Two Wins

Editor’s Note: We’ve updated our newsletter schedule to track with the end of congressional sessions to highlight the most important developments here in Washington. The timing will vary, based on the congressional calendar, but you can expect a newsletter from us about once a month. In the meantime, we’ll be sharing significant developments through our […]

PRESS RELEASE: Private foundation excise tax simplification, parking/transportation UBIT repeal included in year-end tax bill

WASHINGTON, D.C.— Lawmakers came to an agreement yesterday on a tax bill that includes the simplification of the private foundation excise tax. The provision is from the Private Foundation Excise Tax Simplification Act, H.R. 4953, which is sponsored by Reps. Danny Davis (D-IL) and George Holding (R-NC). The change streamlines the current two-tiered excise tax […]

News Alert: Legislation to Simplify Private Foundation Excise Tax Introduced In House

WASHINGTON, D.C.— A bill was introduced in Congress that will increase giving capacity at grantmaking organizations. Reps. Danny Davis (D-IL) and George Holding (R-NC) introduced H.R. 4953, the Private Foundation Excise Tax Simplification Act, which would simplify the current two-tier private foundation excise tax to a revenue-neutral rate of 1.39 percent. “The House has twice […]

Washington Roundup – PF Excise Tax, DAF Donor Privacy, Excise Tax on Family Foundations on the Fall Agenda in Washington

Editor’s Note: We’ve updated our newsletter schedule to track with the end of congressional sessions to highlight the most important developments here in Washington. The timing will vary, based on the congressional calendar, but you can expect a newsletter from us about once a month. In the meantime, we’ll be sharing significant developments through our […]

Washington Roundup – PF Excise Tax, Hometown Engagement Project, Tax Bill’s Impact on Family Foundations

Editor’s Note: We’ve updated our newsletter schedule to track with the end of congressional sessions to highlight the most important developments here in Washington. The timing will vary, based on the congressional calendar, but you can expect a newsletter from us about once a month. In the meantime, we’ll be sharing significant developments through our […]

Washington Roundup – CHARITY Act, Foundation Compensation Tax, Insights from Cong. Walorski

Editor’s Note: We’ve updated our newsletter schedule to track with the end of congressional sessions to highlight the most important developments here in Washington. The timing will vary, based on the congressional calendar, but you can expect a newsletter from us about once a month. In the meantime, we’ll be sharing significant developments through our […]

ACR Hosts Leading Congressional Staff at Leadership Breakfast

On Tuesday, March 12, we hosted the Alliance for Charitable Reform Leadership Breakfast in conjunction with Foundations on the Hill (FOTH). The breakfast featured a panel of senior Hill tax staff, from both sides of the aisle and the Capitol, who gave FOTH attendees an exclusive preview of the happenings on the committees where decisions […]