Check out the latest releases from around the nonprofit sector featuring items from ABFE, The Bridgespan Group, Candid, Center for Disaster Philanthropy, CHANGE Philanthropy, Commonfund, Council on Foundations, Funders Concerned About AIDS, Maine Philanthropy Center, National Center for Family Philanthropy, National Committee for Responsive Philanthropy and Technology Association of Grantmakers.
Maine Philanthropy Center
Check out the latest releases from around the nonprofit sector featuring items from Africa Grantmakers' Affinity Group, Candid, Center for Disaster Philanthropy, Fund for Shared Insight, Maine Philanthropy Center, Media Impact Funders, Peace and Security Funders Group, Philanthropy for Active Civic Engagement, Philanthropic Initiative for Racial Equity, Race to Lead, The Foundation Review, and The William and Flora Hewlett Foundation.
United Philanthropy Forum and 21 philanthropy-serving organizations sent this letter to Speaker Pelosi, Republican Leader McCarthy, Chairman Neal, and Ranking Member Brady, as well as all other Representatives on the Ways and Means Committee, in support of simplifying the private foundation excise tax to a revenue-neutral, flat 1.39 percent.
This document, created by The Ross Foundation and Philanthropy West Virginia, is a data tool to assess the historic level of overpayment of the excise tax at 2%. The data goes back to the early 2010s. The document shares the high points of the dollar levels nationally and then for a few sample states. Please note this does NOT include the projected legal, accounting, and investment fees lost by foundations in trying to calculate the spend to make the 1% fee tier.
In its most recent regional giving study, Maine Philanthropy Center shares an annual snapshot of giving in Maine. In FY2017, there were more than 360 private and community foundations based in Maine who held more than $3 billion in assets and gave more than $180 million in charitable grants throughout the world.