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By Susan E. Budak and Susan N. Gary
The widespread adoption of the Uniform Prudent Management of Institutional Funds Act (UPMIFA) across the country has already been of great help to charities, in part because the financial markets collapsed just months after the uniform act was approved. Most,…
News from the Hill
Voter Perceptions of the Charitable Sector
This week, the Council joined partners Independent Sector and the Alliance for Charitable Reform/Philanthropy Roundtable for a breakfast in cooperation with the House Philanthropy Caucus. We were excited that Congresswoman Debbie…
This memorandum considers whether adoption of the Uniform Prudent Management of Institutional Funds Act (UPMIFA) requires changes to existing guidance regarding the reporting and classification of assets held by community foundations. Current guidance is incorporated in a 1997 memorandum, Report on…
Three days of interactive learning on innovative strategies and fundamentals in philanthropy. More information will be available at exponentphilanthropy.org in early 2017.
Philanthropy’s Role in Strengthening America’s Democracy
This event is a preconference session at the 2017 Annual Conference.
Join a timely, topical, and interactive afternoon that will provide both a forum for a conversation about the state of democratic practice in America, and a review of…
We are pleased to announce the release of the Council’s 2016 Salary Tables. This year’s tables include salary data from nearly 10,000 full-time positions in foundations and corporate giving programs (representing over $1 billion in total salaries). The 1,010 grantmakers that participated in this…
The Internal Revenue Code provides excise tax penalties that can be imposed by the Internal Revenue Service whenever unreasonable or excessive compensation is paid to high-level employees of charitable organizations.
Over and above any legal requirements or public scrutiny, good stewards of…
Today, the Council on Foundations welcomes more than 200 foundation chief executive officers, chief financial officers, chief investment officers, board members, and board investment committee leaders from across the country to its annual Endowments and Finance Summit.
The Council’s…
Can we pay our board members? Should we?
The issue of whether to pay foundation board members is always a controversial topic. Expect the media, regulators, general public, and even your grantees to scrutinize the decisions you make.
What is legal?
Though the rules may vary slightly by…