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Excise Tax

Resource

Private Foundation Excise Tax Overpayment Data

Publication date: 
12/2019

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. 

Resource

Letter Supporting Simplification of Private Foundation Excise Tax

Publication date: 
11/2019

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. 

News

New Year, Same Resolve

Capitol Building
Release Date: 
01/08/2020

Our Director of Public Policy Matthew L. Evans reflects on the Further Consolidated Appropriations Act, 2020 being signed as being two major legislative wins before the holiday season.

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News

Policy Update: December 18, 2019

Release Date: 
12/18/2019

Forum Policy Update is a regular update for United Philanthropy Forum members covering public policy issues impacting the philanthropic sector.

Topics in the latest update include House legislation to repeal the unrelated business income tax on nonprofit fringe benefits and simplification of the private foundation excise tax, the introduction of the Universal Charitable Giving Act, and preparation for Foundations on the Hill and PolicyWorks Institute 2020. 

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