The Council of Michigan Foundations submitted comments to the Department of Treasury regarding the excise tax on excess compensation. They asked Treasury for clarification on when and to what extent the remuneration paid to an employee of a related person or governmental entity is subject to the tax.
Federal Tax Policy
A fact sheet of frequently asked questions on Treasury's SALT workarounds final rule.
The 2017 Tax Cuts and Jobs Act made two changes to the tax code regarding UBIT that negatively affect foundations and other tax-exempt organizations. See the Forum's position and resources on this issue.
The Pension Protection Act of 2006 made the IRA Charitable Rollover permanent law, allowing taxpayers age 70 ½ or older to transfer up to $100,000 annually from their IRA accounts directly to charity without first having to recognize the distribution as income. See the Forum's position and resources on this issue.
The October edition of our month-by-month advocacy guide focuses on how to engage in elections. With off-year elections coming up in November, it is an appropriate time to focus on this issue, and perhaps stimulate some thinking on how your organization might get engaged in the elections in 2018 and beyond.shington to face debates over tax reform, and everyone re-focused on work after the summer holidays, this is an opportune moment to get our issues on policymakers’ radar.
This guide provides resources to help you and your members connect with your legislators during the 2017 abbreviated congressional August recess. If you have any questions or need assistance, please feel free to contact Jay Hutchins, the Forum’s Associate Director of Policy, at (202) 888-6732 or email@example.com.
United Philanthropy Forum supports the continued full enforcement of current law that prohibits 501(c)(3) charitable organizations from endorsing, opposing or contributing to political candidates and engaging in partisan campaign activities—also known as the “Johnson Amendment.” See our position and resources on this issue.
Since 1917, the federal charitable tax deduction has provided a tax deduction for donations made to nonprofit organizations by taxpayers who itemize their tax returns, roughly one-third of all Americans. See the Forum's position and resources on this issue.
A uniform excise tax rate would increase funds available for local communities by freeing private foundations from the administrative task of calculating the amount of additional eligible expenditure needed to qualify for the lower 1% rate. See the Forum's position and resources on this issue.
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 the Treasury releasing the final “SALT Workarounds” rule.