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December 21, 2012 - Comments on Proposed Amendments to the Regulations Relating to Reliance Standards for Making Good Faith Determinations
The American landscape is crowded with examples of women's entrepreneurial spirit in building a strong civil society through philanthropy. DREAM. DARE. DO. convenes donors and nonprofit leaders in Chicago, March 14-15, 2017, for a high-level conversation about the complexities and…
See Who's Coming
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Grantmakers should be advised that Hurricane Sandy is a “qualified disaster” for federal tax purposes. Under IRS rules, this means that employers may more easily assist employees affected by the disaster. Employers and their related foundations may make payments for reasonable and necessary…
National Hispanic Heritage Month is observed each year from September 15 to October 15. During this time, we celebrate the histories, cultures, and contributions of American citizens whose ancestors came from Spain, the Caribbean, and the Americas. The observation started in 1968 as Hispanic…
Recently, a community foundation contacted the Council regarding a recommended grant from one of its funds. This fund, a donor advised fund (DAF), had been established by an organization, but had designated a specific individual to make grant recommendations. While it was the advisor’s job to…
September 24, 2012
The Department of Treasury and the IRS issued proposed regulations applicable to private foundations seeking to make grants to foreign organizations using equivalency determinations. The guidance broadens the range of professionals on whose written advice a private foundation…
News from the Hill
Ways & Means Subcommittee Holds Hearing on University Endowments
As our readers will recall, we reported last week that the Ways and Means Oversight Subcommittee was set to hold a hearing to scrutinize college and university endowments this week.
The hearing, featuring…