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What are the legal requirements for private foundations wishing to make cross-border grants?
What is equivalency determination?
What is expenditure responsibility?
How do I decide whether to use equivalency determination or expenditure responsibility?
What are the legal…
Private foundations wishing to make a cross-border grant must ensure that:The grant is clearly for a charitable purpose, andThe grant counts as a qualifying distribution for the purpose of meeting the foundation’s annual distribution requirement.The easiest way for a private foundation to satisfy…
OverviewOn November 14, 2023, the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) released proposed regulations that would clarify how the Treasury and the IRS interpret rules governing donor-advised funds (DAFs) under Section 4966. Specifically, the proposed rule…
This event is for Career Pathways Program Alumni who want to step away from the challenges of their day-to-day to find renewed energy and motivation. Over the two and a half days, attendees will embark on activities that sharpen leadership skills holistically through a lens of career development…
This event is the Council's annual retreat for early-tenure private foundation, corporate foundation and giving program chief executives who want to step away from the challenges of their day-to-day and find renewed energy and motivation in fellowship with other new CEOs.Hosted by Tiffany Benjamin…
This handy flowchart can help you determine which funds should be classified as donor-advised under the Pension Protection Act of 2006. Remember, a fund is only a donor-advised fund if:
A donor or person appointed or designated by the donor has, or reasonably expects to have, advisory…
Career Pathways is a leadership development cohort program designed to accelerate the careers of diverse professionals in the philanthropic sector. Graduates of the program will deepen their expertise, expand their networks, and hone their leadership skills to advance the field.Career Pathways…
Imagine the following scenarios:
A donor advisor has not made a recommendation from a donor-advised fund for two years.
An agency has requested that your community foundation not make a distribution from an agency endowment until the agency requests a distribution at some point in the…
The Pension Protection Act of 2006 includes the first comprehensive regulation of donor-advised funds. These requirements generally took effect at the beginning of the tax year following enactment of the Act, for charities that hold assets in such funds. However, a provision barring the payment…
The Congressional Research Service issued a 2012 report on charitable giving and donor-advised funds. Using data from Form 990, the report updates to 2008 some of the statistical information about donor-advised funds that was included in the 2011 Treasury report on donor-advised funds. However, the…