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One year ago today, our nation was rocked by the horrific attack at the Pulse nightclub in Orlando, Florida. In a message expressing our solidarity with those affected by the attack, we noted that it was particularly tragic because this event occurred at a lesbian, gay, bisexual, transgender, and…
Question: Our staff just received a request for a copy of our foundation's Form 990-PF. Are we required to provide this information?
Answer: Yes. A foundation’s tax return on Form 990-PF provides a wealth of information about the organization including asset size, board members, salary…
In This Week's Edition of Snapshot…
Tax Reform Update: Congress must address a packed agenda before getting to tax reform
“Johnson Amendment” may be discussed in House hearing
DOE aims to reduce regulations following EO
President Trump unveils infrastructure plan in…
Today, the Council on Foundations released the following statement from President and CEO Vikki Spruill:
“Today’s introduction of the ‘Charities Helping Americans Regularly Throughout the Year Act of 2017’ (CHARITY Act, S. 1343) is a welcome step towards protecting and…
Question:
Our company foundation sometimes carries out its own charitable programs. For example, last year we organized a conference on the topic of evaluating program impact for our grantees and other nonprofits in one of our communities. Where does this information get reported on our Form…
In Star Wars, Episode IV (still the best one in my opinion!), when the Death Star looms large in front of the Millenium Falcon, Luke Skywalker mutters, “I have a very bad feeling about this.”
When it comes to federal regulation of donor advised funds, I’m beginning to feel the…
David Bennett joined the Community Foundation of Greater Fort Wayne (CFGFW) as Executive Director in 1995. Since that time, CFGFW has grown from about $30 million to just over $140 million in assets, and last year awarded over $10 million in grants and scholarships. In March 2017, David announced…
This week’s activity on the CHARITY Act showed us that the National Standards for U.S. Community Foundations® continues to provide value for community foundations. The National Standards program was recognized in drafting the act’s legislation for the IRA Charitable Rollover.…