The Council’s legal team advised that a donor advised fund may make a distribution to another donor advised fund, without limitation and without the need to exercise expenditure responsibility. The technical explanation for the Pension Protection Act explicitly states: “A taxable distribution does…

The Council’s public policy team is drafting Council comments for the working groups. We will share these with our readers once they are finalized. If your organization submits comments and is willing to share them with the Council, we would like to highlight excerpts in future editions of…

News from the Hill As a reminder, the issues that impact charitable organizations and individual donors fall within the “business” and “individual” working groups. The business working group, which will address tax provisions that impact the business and operations of charitable organizations, is…

Philanthropy Week in Washington 2015 - It's a Wrap Empowering Communities. Together. This year’s Philanthropy Week in Washington was a tremendous success. Thank you to all of you who came or added your voice by connecting with your lawmakers back in your districts. If you have not yet sent a letter…

Philanthropy Week in Washington is Here! Empowering Communities. Together. Mark your calendars: the second annual Philanthropy Week in Washington 2015 kicks off this upcoming Monday, March 16th! As our readers know, Philanthropy Week in Washington is a week-long series of events and activities…

Philanthropy Week in Washington is 2 Weeks Away! Empowering Communities. Together. Mark your calendars: the second annual Philanthropy Week in Washington kicks off on Monday, March 16th! As our readers know, Philanthropy Week in Washington is a week-long series of events and activities hosted…

A Vital Pipeline: How Donor Advised Funds Engage New Donors and Boost Communities Once again, commentator Alan Cantor has written a commentary on donor advised funds, this time for Inside Philanthropy. In the piece he reiterated comments he has made before, stating, “The surge in donor-advised…

In this week's Washington Snapshot: Less than a Month until Philanthropy Week in Washington; News from the Hill; Trending in Legal Affairs; Happenings in the States; and more! Read all this and more, online now!

In this week's Washington Snapshot: House Passes America Gives More Act of 2015; Other News from the Hill; News from the Administration; Trending in Legal Affairs; Philanthropy News & Op-Eds; and more! Read all this and more, online now!

Ways & Means Committee Passes Charitable Bills The House Ways and Means Committee met Wednesday to markup several important bills focused on the charitable sector. The actions included making permanent charitable “tax extenders,” such as the IRA charitable rollover and simplifying the…

House to Take Up Charitable Bills McCarthy's Memo Gives Signals According to a memo that House Majority Leader Kevin McCarthy (R-CA-23) circulated this week, the House is anitcipated to introduce and markup bills on the three charitable tax extenders: the IRA charitable rollover, enhanced…

Senate Finance Committee Looks to Tax Reform Hatch and Wyden Launch Bipartisan Tax Reform Working Groups On Thursday the chairman and ranking member of the Senate Finance Committee, Senators Orrin Hatch (R-UT) and Ron Wyden (D-OR), announced five new bipartisan tax reform working groups. The groups…

Senate Finance Committee Looks to Tax Reform Hatch and Wyden Launch Bipartisan Tax Reform Working Groups On Thursday the chairman and ranking member of the Senate Finance Committee, Senators Orrin Hatch (R-UT) and Ron Wyden (D-OR), announced five new bipartisan tax reform working groups. The groups…

114th Congress Kicks Off The 114th Congress converged on D.C. this week, with many new lawmakers among them. Fifty-eight new members of the House of Representatives and twelve new Senators started their new jobs this week. Check out National Journal’s interactive guide to the new members of…

Congress Extends IRA Rollover for 2014 Wyden: "This tax bill doesn't have the shelf life of a carton of eggs." The Senate voted on Tuesday night to extend the tax extenders—including the IRA charitable rollover—for 1 year, retroactive for 2014. The chamber voted 76-16 to pass H.R. 5771, the House…

House Fails to Make Charitable Extenders Permanent Party-Line Vote and White House Veto Threat Yesterday, we told our readers in a breaking news alert that the House failed to advance the Supporting America’s Charities Act (H.R. 5806), a milestone bill that would have widely benefited…