Strengthening Communities
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This event is canceled due to the COVID-19 outbreak. We will work to find an alternate date to offer the course, subject to the containment of COVID-19 and ability to travel.
Council Coronavirus Resource Hub
Led by the Council on Foundations Legal Team and Brad Ward, Lead Straegist…
In 2018, the Council on Foundations introduced a series of summits on inclusive economic prosperity. These summits were designed to help foundation leaders better understand the leading role that philanthropy can play in developing inclusive economic prosperity outcomes locally.
Given the…
Celebrating National Community Foundation Week
November 12-18: Engage with Your Local Community Today!
Community Foundation Week, created in 1989 by former President George H.W. Bush, recognizes the important work of community foundations throughout America and their collaborative and innovative…
Previewing the UN General Assembly: A global community of actors
The world faces pressing challenges that require global responses – the climate crisis, entrenched inequality, migration, and more. But with international cooperation increasingly at risk, actions taken at the local level are ever…
This time of year, I receive numerous inquiries about administrative fees. Perhaps it is first quarter investment return reviews or something in the spring air—but my response to the question about ‘lowering fees’ is fairly consistent—why would we encourage the lowering of fees?
To begin, I have…
Recording
Interested in alleviating the student loan debt crisis and attracting needed talent to your community? This webinar is for you! Last year, the Workforce Development Through Post-Graduation Scholarships Act was introduced in Congress. This bill would allow charitable foundations to…
What are Opportunity Zones?
Created by changes to the tax code in the Tax Cuts and Jobs Act in December 2017, Opportunity Zones are state-nominated, economically depressed communities that are in need of new investment. These investments could, under certain circumstances, be eligable for…
Recording
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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…
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While housing, employment and other supportive services are critical to prevent and end homelessness, the reality is legal barriers such as bad credit, unpaid child support, unpaid fines and tickets, outstanding warrants and criminal records present a hard stop that…
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The CDFI Fund has identified over 41,000 population census tracts that are eligible for designation as a QOZ, including (1) 31,680 population census tracts that are Low-Income Communities (LICs) eligible for designation as QOZs; and (2) 9,453 non-LIC population census tracts that are eligible for…
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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.…