Strengthening Communities
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Now that Opportunity Zones have been designated, individual and corporate investors are then given the opportunity to defer capital gains taxes when they reinvest the earnings in these communities. Additional incentives accrue over five, seven and ten years if the investment is maintained – thereby…
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This white paper from the Community Foundation Public Awareness Initiative discusses a timely and significant opportunity for community foundations (CFs): How they can use the recently enacted federal Opportunity Zone tax incentive to benefit communities in need by leveraging their knowledge of…
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Guest writer Adam Northup, LOCUS Advisor, shares what every Community Foundation should know about Opportunity Zones. Created by the new tax law, this new tool has the potential to revitalize left behind communities.
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The OZ program is intended to spur long-term investments in low-income census tracts in the U.S. The new law allows investors to place unrealized capital gains (a profit from an investment that hasn’t yet been sold) into authorized O Funds that invest capital into OZs. The greatest benefits would…
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With the creation of the federal Opportunity Zones incentive program, trillions of dollars in new private investment will flow into pre-designated low-income communities around the country. But will this investment benefit the people living in these communities now, or will they be displaced as new…
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Treasury and IRS have issued an initial set of proposed regulations and guidance on how the Qualified Opportunity Zone tax benefits under IRC 1400Z-2 (including the certification of Qualified Opportunity Funds and eligible investments in Qualified Opportunity Zones) will be administered.…
The use of for-profit entities financed by both nonprofit and for-profit dollars provides a nongovernmental free enterprise way to solve many social issues while adding to the wealth of the populace rather than depleting government funds and heralding a bright future. We commonly call these…
You can become an impact investor today. This guide created by The Philanthropic Initiative will help you learn the different options you have for aligning your financial assets with your social goals to help for-profit and non-profit social benefit organizations become stronger and more…
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Community Foundations around the country recognize that they must deploy capital beyond financial assets to improve their regions. At the same time, our community leadership has grown frustrated by the pace of change. Most of these leaders have come to understand that…
Community Foundations are part of the fabric for creating vibrant communities across the United States. They cultivate relationships by connecting people to what matters locally. Given that past work, never has there been a better time for community foundations to play a lead role as a…
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With the passage of last year’s tax code overhaul, Congress created Opportunity Zones—areas in low-income census tracks designated by governors, where private equity investors can invest capital gains in new development ventures in exchange for tax forgiveness after 10…
Interest is growing in a new tax incentive meant to spur growth and economic opportunity in the nation’s most distressed communities. “Opportunity Zones” were included in the 2017 tax bill after a bipartisan push to spur private capital into places that continue to fall further and further behind…
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With the passage of last year’s tax code overhaul, Congress created Opportunity Zones—areas in low-income census tracks designated by governors, where private equity investors can invest capital gains in new development ventures in exchange for tax forgiveness after 10 years.…
Building a Cultural Epicenter
Editor's Note: In advance of our Inclusive Economic Prosperity in the Midwest convening, we're highlighting stories from the region. This article was originally published in bMag, a publication by the Bush Foundation. Photography is by David Ellis.
On an autumn afternoon in 2017, Abdirizak “…
A post-graduation scholarship is a type of charitable grant that foundations would make to attract individuals with career skills needed in a particular region to make their homes and build their careers in that community. A post-graduation scholarship would be awarded to an individual who has…
The Council on Foundations and the U.S. Department of Housing and Urban Development (HUD) have partnered the past six years on the Secretary’s Award for Public-Philanthropic Partnerships. The award emphasizes cross-sector partnerships between the philanthropic and public…