The Council on Foundations would like to wish all of our readers a safe and enjoyable 4th of July! News from the Hill Tax Blueprint Proposes Ideas that Could Impact Charitable Giving Our readers will recall that last week Speaker Paul Ryan (R-WI) and his Task Force on Tax Reform released their…

News from the Hill Speaker Ryan Releases Tax Blueprint As our readers know, Speaker of the House Paul Ryan (R-WI) organized five task forces to draft substantive blueprints outlining policy options for a number of issue areas—including tax reform. Chaired by Ways and Means Committee Chairman, Kevin…

In response to the horrific attacks in Orlando, Council President and CEO Vikki Spruill and Board Chair Sherry Magill penned an open letter reaffirming the Council’s commitment to advancing diversity, equality, and inclusion in and beyond the philanthropic field, and to continue serving as a…

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 “…

News from the Hill International Tax Reform Blueprint Forthcoming Despite the condensed Congressional session due to the upcoming elections, Speaker Paul Ryan (R-WI) asserts that his Task Force on Tax Reform will release a substantive blueprint for tax reform before the end of this month. Though…

News from the Hill This Week in Tax Reform The discussion around tax reform is still alive and well, as demonstrated by hearings this week in both the House and the Senate. On Tuesday, Chairman Orrin Hatch (R-UT) of the Senate Finance Committee held a second hearing on corporate tax integration:…

Executive & Regulatory News Department of Labor Publishes New Rule on Overtime Regulations On Wednesday, President Obama and Secretary Perez announced the publication of the Department of Labor’s final rule updating the overtime regulations. The Council has been closely tracking this issue…

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.…

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…

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…

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.…

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. Treasury responded to continued requests of the philanthropic community, which recognized that the…

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…

News from the Hill Hearing on Tax Reform Proposals Set for Next Week Chairman of the House Ways and Means Subcommittee on Tax Policy, Charles Boustany (R-LA) announced the first in what will be a series of hearings on potential approaches and proposals for tax reform. The hearing is scheduled for…