A guest post from our member, Ellie Moore, Administrative and Communications Coordinator at Iowa Council of Foundations about how the conference was a "lollipop moment" for her around bringing racial equity to the forefront of thought and discussion in her life.
Iowa Council of Foundations
The Board of Directors of the
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.
Examples of bylaws for national and regional philanthropy-serving organizations.