Lawmakers came to an agreement yesterday on a tax bill that includes the simplification of the private foundation excise tax. The provision is from the Private Foundation Excise Tax Simplification Act, H.R. 4953.
The United States can restore the trust that allows civil society to flourish by emphasizing the values that have long bound us together and by adopting the newer values of shared power and racial equity.
Housing advocates in Michigan continue to raise concerns over a federal affordable housing program. These concerns echo similar sentiments across the country as municipalities continue to struggle to meet the demand for quality affordable housing.
"Giving Season" is upon us, and it benefits a lot from the charitable tax deduction. But the reality is, only a sliver of taxpayers will receive this tax benefit.
The charitable deduction dates back to 1917. As the United States geared up for World War I, the federal government raised the top income tax rate from 15% to 67% on the richest Americans. America's federal income tax, which had been implemented just four years before, became far and away the most progressive on the planet.
A lot of people today talk about how philanthropy needs to be more business-like, about how we need to incorporate principles from the for-profit business sector into the nonprofit and traditional grantmaking sector. I think that is a big mistake, and I urge you to take care before doing it.
The power of small grants to drive change has not been lost on city leaders, many of whom are embracing the potential of micro-philanthropy — and pairing it with a citizen-led ecosystem that supports the effective implementation of those grants.
How investors can generate deeper insights into social and environmental impact while bringing concrete business benefits to investees.
Building organizational capacity in finances, leadership, programs, and infrastructure is critical. Forcing Native nonprofits to adhere to foundation definitions of success and foundation-favored approaches to service delivery, however, is not capacity building. It is colonialism in philanthropic clothes.
More foundations are starting to engage in public policy, but to be successful, they need to take a broad approach and engage with a range of partners, grant makers said during a panel discussion at the Urban Institute...
