News from the Hill IRA Charitable Rollover Bill Introduced in House Congressman George Holding (R-NC) introduced the Grow Philanthropy Act (H.R.4709) this week. This bill proposes an expansion of the IRA charitable rollover provision to allow for distributions to donor advised funds (DAFs). In…

News from the Hill House Tax Policy Subcommittee to Hold Next Tax Reform Hearing Chairman of the House Ways and Means Tax Policy Subcommittee Charles Boustany (R-LA) announced this week that the series of hearings on tax reform will continue, with the next hearing scheduled for Wednesday, April…

News from the Hill Congress Grows More Skeptical of Universities This Wednesday, the Ways and Means Oversight Committee held a hearing entitled: Protecting the Free Exchange of Ideas on College Campuses. Though the motivation for this hearing perhaps stemmed from previously expressed skepticism…

Dear Readers: The predictions of the DC area being buried in snow that we noted in last week’s Snapshot turned out to be very accurate! Despite the federal government being closed on Monday and Tuesday, that didn’t stop some Washingtonians from enjoying a day on Capitol Hill… News from the Hill…

Executive & Regulatory News Treasury, IRS Withdraw Proposed Rule for Gift Substantiation Yesterday, the Treasury Department and the IRS announced it has withdrawn the proposed rule that would have created an alternative way for charitable organizations to acknowledge and substantiate gifts…

News from the Hill Extender Negotiations Coming Down to the Wire Make Your Voice Heard! Despite efforts to pass a “tax extenders” package with a federal spending bill by today’s deadline, negotiations between Congressional Democrats and Republicans reached a stalemate—forcing the passage of…

Take Action Now on Extenders Hundreds of thousands heard the message! Yesterday marked the kickoff in a series of days over the next three weeks when the Council and our colleagues in the field will commit 5 minutes for philanthropy, and connect with Members of Congress about reinstating the…

Washington Snapshot will be going dark next week in recognition of the Thanksgiving holiday. We wish our readers a happy and peaceful holiday with family and friends. Snapshot will return on Friday, December 4th. Urge Congress to Make Charitable Tax Extenders Permanent The IRA Charitable Rollover…

Don't Miss Out on Community Foundation Week! Yesterday marked the first day of Community Foundation week! CF week has been celebrated every November 12th-18th since 1989 to raise awareness of the critical role of community philanthropy in supporting thriving communities across the country. In…

Community Foundation Week Starts Next Thursday Next Thursday, November 12th marks the beginning of Community Foundation week! CF week has been celebrated every November 12th-18th since 1989 to raise awareness of the critical role of community philanthropy in supporting thriving communities across…

News from the Hill Ryan is Elected Speaker of the House Yesterday afternoon, Representative Paul Ryan (R-WI-1) was elected as the next Speaker of the House. This marks the conclusion of a month-long process for the GOP to select a viable candidate for this position. With Ryan’s ascension to the…

News from the Hill Nonprofit Leaders Urge Congress to Act on Extenders On Wednesday, the Council on Foundations and Independent Sector organized a briefing with the House and Senate Philanthropy Caucuses on Capitol Hill to urge Congress to take immediate action on making permanent the three…

News from the Hill Who will be the Next Speaker of the House? Yesterday, in a significant and surprising move, the leading Republican to replace John Boehner as House Speaker, Rep. Kevin McCarthy (R-CA-23), announced that he was withdrawing his candidacy for the position. This has caused…

Breaking News: Secretary Duncan to Step Down Just today, U.S. Department of Education Secretary Arne Duncan announced that he will be stepping down in December from the position, which he has held since the beginning of the Obama Administration in 2009. It is expected that President Obama will…

Executive & Regulatory News New Guidance on Mission-Related Investing This week, the Treasury Department released long-awaited guidance on mission-related investments (MRIs), which the Council requested this year in our 2015-16 Treasury Priority Guidance Plan comments. The Council, along with…

In remembrance of the 9/11 attacks that occurred 14 years ago today, the Council would like to take a moment to extend our thoughts to all those who were affected by the tragic events of that day. News from the Hill Sen. Grassley Maintains His Skepticism of DAFs In an interview with the Chronicle…