On June 22, 2020, the Forum submitted comments encouraging the Federal Reserve System to include a loan forgiveness provision and not to exclude nonprofits with less than 50 employees in the Main Street Lending Program to provide access to credit for nonprofit organizations (which are often led by and serve communities of color, communities hardest hit by the COVID-19 pandemic).
Federal Tax Policy
Independent Sector submitted written testimony to the Joint Economic Committee on June 9, 2020. The testimony was submitted for the hearing "Supporting Charitable Giving during the COVID-19 Crisis."
Charitable Giving Coalition submitted a letter to the Joint Economic Committee in regards to a June 9, 2020 hearing, "Supporting Charitable Giving During the COVID-19 Crisis."
Charitable Giving Coalition letter to House Ways Means Chairman, Richard Neal (D-MA) and Ranking Member Kevin Brady (R-TX), urging support for stronger charitable giving incentives in the next COVID-19 legislative package.
Letter from a group of members of the Charitable Giving Coalition, including the Forum, asking Congress to include DAFs in relief legislation.
Use this resource as talking points for your Hill meetings at FOTH. The document includes suggested topics and messages to deliver to your members of Congress to ensure that all delegations are speaking with one voice about the issues that impact the sector.
Send this two-pager in advance of a Hill meeting to preview the topics you wish to discuss or provide it at the end of the Hill meeting as part of your leave-behind packet.
The UBIT Coalition, of which United Philanthropy Forum is a member, created this template letter for organizations to use to reach out to their members of Congress to request immediate repeal of the tax on nonprofit parking and transit benefits – Internal Revenue Code Section 512(a)(7).
United Philanthropy Forum submitted public comments to the Internal Revenue Service (IRS) in response to the proposed rule which would roll back donor reporting requirements for certain nonprofits. (Guidance Under section 6033 Regarding the Reporting Requirements of Exempt Organizations)
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.