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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

Policy Alert: Private Foundation Excise Tax, UBIT, and Census 2020

Release Date: 
12/10/2019

Forum Policy Alert is a time-sensitive notification for United Philanthropy Forum members covering breaking public policy issues impacting the philanthropic sector. The topic of this alert is legislation to simplify the private foundation excise tax, legislation to repeal the UBIT on nonprofits, and advocacy for the full-year budget for the census. 

News

Policy Update: November 21, 2019

Release Date: 
11/21/2019

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 preparing for Foundations on the Hill, simplifying the private foundation excise tax, preparing for Census 2020, and reforming the charitable deduction. 

News

Policy Update: November 6, 2019

Release Date: 
11/06/2019

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 preparing for Foundations on the Hill and PolicyWorks Institute 2020, simplifying the private foundation excise tax, and reforming the charitable deduction. 

News

Policy Update: October 9, 2019

Release Date: 
10/09/2019

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 information on Foundation on the Hill 2020, the private foundation excise tax, and current Supreme Court cases. 

News

Policy Update: August 14, 2019

Release Date: 
08/14/2019

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 the private foundation excise tax, the USDA's proposed rule that would impact SNAP recipients, and the final "public charge" rule. 

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