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News from the Hill
Tax Reform Work Still Ongoing, McConnell Says
This week, Senate Majority Leader Mitch McConnell (R-KY) expressed his doubts that comprehensive tax reform will occur in the next two years. However, McConnell emphasized that even without comprehensive reform, Congress will still…
Leading Together to Advance Philanthropy
Joint Letter Published in The New York Times
On Sunday, a New York Times opinion piece offered a troubling take on the state of the charitable sector. David Callahan, who writes for Inside Philanthropy, expressed his view that the sector is the…
Global Policy Update
This past Wednesday, the Council on Foundations and the International Center for Not-for-Profit Law (ICNL) hosted a conference call on China's Draft Law on Management of Overseas NGOs and its potential impact on U.S. funders and other organizations working in and with…
We’re coming to you a day early as we prepare for the holiday weekend. Memorial Day provides a special time to honor the service and sacrifice of our military men and women. We want to thank those who have served and are serving in our Nation’s military.
Join Us: Global Policy Call…
News from the Hill
America Gives More Act Setback
Yesterday, the Senate passed two trade bills by replacing the language of H.R. 644, the America Gives More Act, with trade provisions. This legislative practice of taking a bill that has passed one chamber, gutting the language and replacing with…
News from the Hill
Senate Passes Budget Resolution
On Tuesday, the Senate passed the first House-Senate Budget Resolution in six years, which passed the House last week. This is significant because it lays out Congress' agreed-upon policy and spending priorities for the coming year, in every…
Call to Action!
We need you — foundation leaders on the ground in your communities — to reach out to your Senators today and encourage them to support community investments now. As a constituent, your voice is invaluable!
You can send an email to your Senators to urge the Senate…
@_____ #Act4Good by supporting the work of nonprofits; support the America Gives More Act #HR644
@_____ Help our communities and the nonprofits that serve them: pass the America Gives More Act #Act4Good #HR644
@_____ Communities served by #nonprofits deserve better; #Act4Good and pass the America…
News from the Hill
Yesterday, the House of Representatives passed a bill that would exempt donations to 501(c)(4)s, (5)s, and (6)s from the gift tax. As POLITICO points out, this would exempt a broad category of political organizations from the gift tax.
Current law is ambiguous on whether donors…
The Council’s legal team advised that a donor advised fund may make a distribution to another donor advised fund, without limitation and without the need to exercise expenditure responsibility. The technical explanation for the Pension Protection Act explicitly states: “A taxable…