International Giving
On May 10, 2016, the Council on Foundations (the Council) and International Center for Not-for-Profit Law (ICNL) convened over 100 organizations to discuss new Chinese legislation that may restrict the work of Hong Kong- and Taiwan-based foundations and other nonprofits in China. Members can access…
Giving USA 2016 was released this week and found that overall U.S. charitable giving from all sources—including individuals, bequests, foundations and corporations—reached an estimated $373.25 billion in 2015. This was an all-time high for the second consecutive year.
This increase held for both…
Last week, I spent a day at the Colombian Embassy with 35 foundations from Colombia. The group was comprised of corporate and family foundations, members of the Association for Family and Corporate Foundation in Colombia (AFE), who co-hosted the event with the Council on Foundations. The goal of…
Washington Snapshot - June 10, 2016
News from the Hill
Senate Philanthropy Caucus Co-Chairs Encourage Colleagues to Join
This week, the Senate Philanthropy Caucus Co-Chairs, Richard Burr (R-NC) and Chuck Schumer (D-NY) sent a Dear Colleague Letter encouraging their fellow Senators to join the caucus. They called for colleagues to “…
This post originally appeared on the Alliance Magazine blog.
At the World Humanitarian Summit (WHS) in Istanbul, more than 6000 attendees discussed how the global community delivers aid for the world’s most vulnerable people, especially given commitments to leave no one behind within the…
The Council on Foundations wrote to the Department of Treasury and the Internal Revenue Service (IRS) to urge them to prioritize several regulations and guidance documents that impact our members. Each year, the Priority Guidance Plan identifies and prioritizes those tax issues that…
Recording
Download the Recording
In 2015, the Council and ICNL convened foundations to discuss how a draft Foreign NGO law in China might impact their work. The Council also submitted formal comments about concerns with this law to the Chinese government.
In mid-March 2016, China approved the long-awaited…
Since Congress is out of session this week, today’s edition of Washington Snapshot will be slightly abbreviated. Congress will return next week!
News from the Hill
Ways and Means Making Progress on Tax Reform Plan
Ways and Means Chairman Kevin Brady (R-TX) recently indicated that a tax reform…
News from the Hill
Chairman Hatch Continues Discussions on Corporate Integration
As our readers know, Senate Finance Committee Chairman, Orrin Hatch (R-UT) has been talking for some time about releasing a proposal for corporate integration tax reform.
Though the specifics of Hatch’s forthcoming…
Members, Access the Recording
Last year, the Council and ICNL convened foundations to discuss how a draft Foreign NGO law in China might impact their work. The Council also submitted formal comments about concerns with this law to the Chinese government.
In mid-March 2016, China…
Earthquakes rocked Ecuador, Japan, and Myanmar this past weekend, affecting thousands, and reminding all of us how vulnerable communities are to external disaster shocks.
As reported by the International Federation of Red Cross and Red Crescent Societies, a 7.8 magnitude earthquake struck northern…
Myanmar’s Tech Community Codes as Part of the MaePaySoh Hack Challenge -- Photo by Andrew Thornley
On November 8, 2015, millions in Myanmar went to the polls to cast their votes – many for the first or second time in their lives – for members of the Union Parliament as well as for the 14…
Legal Compliance Guidance, Publication
A Chapter in Mastering Foundation Law:
The Council on Foundations Compendium of Legal Resources
Expenditure responsibility is the federally mandated procedure that a private foundation—and some public charities—must follow for any grant made to an organization that is not a public charity.
This…
2016 Global Philanthropy Dinner - Uprooted Communities: Our Global Migration Challenge
2016 Global Philanthropy Dinner - Uprooted Communities: Our Global Migration Challenge
The 2016 Annual Global Philanthropy Dinner will provide a space for conference attendees to meet and connect before the full conference begins on Sunday. Dinner will feature a number of leading experts who will…
Executive & Regulatory News
Treasury, IRS Withdraw Proposed Rule for Gift Substantiation
Yesterday, the Treasury Department and the IRS announced it has withdrawn the proposed rule that would have created an alternative way for charitable organizations to acknowledge and substantiate gifts…
Friends and Colleagues,
Last December, I spoke of 2014 as a Year of Action, and it was! We began putting into place the programs, services, and staff we knew would provide value to our members. In 2015, we’ve begun to see these foundational investments pay off, and I hope you’ve begun to see how…