This is a guest post by Jaser A. Alsharhan, Senior Program Associate at Colorado Association of Funders who shares his experience with The Blanket Exercise during the 2019 Forum annual conference and some key truths that he learned.
See how other philanthropy-serving organizations communicate the wrap-up of a year's worth of activities.
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.
Strategic planning can help philanthropy-serving organizations meet the current and future needs of the foundations they serve. Yet to be successful, a strategic plan must provide concrete goals and realistic deadlines for meeting them.