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Foundations on the Hill 2015 #FOTH – Keep to the Code

Posted By Adam Donaldson, Friday, March 13, 2015

March 13, 2015

By Adam Donaldson, ABAG Member Services Director

On March 18-19, the Association of Baltimore Area Grantmakers (ABAG) heads to Washington, DC for Foundations on the Hill (FOTH) to remind Congress of the importance of philanthropy to their communities and the importance of the tax code to philanthropy.

Hosted by the Forum of Regional Associations of Grantmakers, in partnership with the Council on Foundations, FOTH is a two-day event that brings foundation leaders to DC to communicate with Congress about key issues of importance to foundations and philanthropy. This year more than 180 participants are expected from 30 states.

Foundations and their grantee nonprofit organizations are created under the tax code. In return for tax relief, our organizations have pledged to work for a charitable purpose.

As Congress considers both individual changes to the code and comprehensive tax reform, ABAG pays attention. And, Congress has proposed changes to the private foundation excise tax, IRA charitable rollover, donor-advised funds and more. Changes to the tax code can enhance and expand the work of philanthropy. Or, they can hinder philanthropy and consequently, hurt the communities we serve. Congress must consider the implications of changes to the code on philanthropic and charitable organizations.

ABAG encourages members interested in federal policy affecting philanthropy to get connected with our Public Policy Committee; live updates from Foundations on the Hill can be viewed on Twitter using #FOTH15.

Special notice: The language of the Treas. Regulation 53.4945-2(d)(3) confers the self-defense exception to private foundations for communications with a legislative body regarding legislation that affects the "existence of the private foundation, its powers and duties, its tax-exempt status or the deductibility of contributions to such foundation."


Jack Sparrow: I thought you were supposed to keep to the code.

Mr. Gibbs: We figured they were more actual guidelines.

Pirates of the Caribbean: Curse of the Black Pearl

Tags:  Charitable Tax Deduction  FOTH  March 2015 Members' Memo  Public Policy 

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