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After September 11, 2001, many grantmakers and other charitable organizations that were not previously familiar with the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), learned of its existence. As one of the key U.S. government agencies seeking to shut down terrorism funding…
This past Friday a diverse group of philanthropic leaders gathered in New York City to discuss the unexpected election results, what those results mean for our nation and what they mean for our work, both individually and as a sector. The meeting, convened by the Council on Foundations and hosted…
The Election Results are in...
So What Does all of This Mean for Philanthropy?
Early on Wednesday morning, President-elect Donald Trump was confirmed in winning the election to become the 45th President of the United States. But the Presidential race was not the only landmark in American politics…
Good relationships between grantmakers and grantees promote more effective philanthropy. But there's nothing that can mess up a good partnership faster than an overzealous lawyer. In seeking to protect their foundation clients, lawyers can sometimes impose excessive requirements on grantees,…
In this week's Washington Snapshot:
Updates from the Council
Congressional Leadership Falling into Place
State and Local Election Results
Pennsylvania Legislator Seeks to Legislate Discredited "Overhead Ratio"
Read the full Snapshot Now
News from the Hill
Here Comes Tax Reform!
With the stars, and both house of Congress, now aligned, comprehensive tax reform is on the horizon. Last week Ways and Means Chairman, Kevin Brady (R-TX), penned an op-ed about how he hopes to give a boost to the economy by reforming the tax code, with…
Lawyers rarely tell foundation managers, "Relax, don’t worry so much!" But in the case of "tipping," that’s been our advice for more than 10 years. What is the so-called "tipping problem" and why are so many foundations (still) so worried about it?
Tipping occurs when a private…
News from the Hill
Ways & Means Republicans to Discuss Tax Reform Details
Chairman of the Ways and Means Committee Kevin Brady (R-TX) announced that he will hold a two-day meeting next week (likely December 14 – 15) with committee Republicans to discuss some specific “decision…
We will be taking a break from sending Washington Snapshot through the end of this year, and will resume on January 5, 2017. We wish all of our readers a safe and enjoyable holiday season!
News from the Hill
Update on Tax Reform Progression in the Senate
This week, Senate Majority Leader Mitch…