Public Policy

The Council submitted comments to the IRS on a proposed rule that outlined a handful of regulations for Type I and Type III supporting organizations. Introduced in February 2016, we identified two proposed regulations that are relevant for our sector: The notification requirement for…

On May 18, 2016, President Obama and Secretary Perez announced the publication of the Department of Labor’s final rule updating the overtime regulations. The Council has been following this issue closely and is here to help you understand how the changes could impact you and your organization.…

On May 18, 2016, President Obama and Secretary Perez announced the publication of the Department of Labor’s final rule updating the overtime regulations. Key Provisions The Final Rule focuses primarily on updating the salary and compensation levels needed for Executive, Administrative and…

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…

News from the Hill Corporate Tax Integration and Philanthropy: What Does it Mean? There has been a lot of buzz recently around the topic of corporate integration—prompted primarily by Senate Finance Committee Chairman Orrin Hatch’s (R-UT) intent to release a corporate integration proposal by the…

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…

Download the Presentation Slides Connectivity is a path to greater opportunity. In today's world, having access to broadband and fluency with technology fuel economic growth, provides access to the better paying jobs, promotes skill development, and builds stronger and more connected communities.…

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…

This is the Council on Foundations team reporting from the 33rd Annual Representing and Managing Tax-Exempt Organizations Conference. This conference is the best-attended EO conference in the United States, and we are thrilled to see so many of our members and colleagues here. The first day of…

What is corporate integration? Corporate integration is a way of addressing the issue of “double taxation” on corporate income. Under our current system, corporate income is taxed at two levels: the level of corporate profits and the level of shareholder dividends. A common solution…

Executive & Regulatory News New PRI Regulations Released by Treasury As our readers well know, last summer the Treasury Department announced their intention to finalize new regulations for program-related investments (PRIs). This week, it published nine new examples of permissible PRIs.…

News from the Hill Charity Bill Introduced in Senate The Council is pleased to announce that this week, Senators John Thune (R-SD) and Ron Wyden (D-OR) introduced the Charities Helping Americans Regularly Throughout the Year Act (S.2750). This bill would: Express the sense of the Senate that…

News from the Hill House Tax Policy Subcommittee to Hold Next Tax Reform Hearing Chairman of the House Ways and Means Tax Policy Subcommittee Charles Boustany (R-LA) announced this week that the series of hearings on tax reform will continue, with the next hearing scheduled for Wednesday, April…

The Council submitted a letter on March 31, 2016 in response to a request for information (RFI) issued in February by the Multistate Registration and Filing Project (MRFP)—an organization that works with the National Association of State Charity Officials (NASCO) and the National Association of…