The Council on Foundations is pleased to announce two summer webinars that delve into critical provisions in the comprehensive tax reform proposal introduced by House Ways and Means Committee Chairman Dave Camp (R-MI-4). The proposal contains lays the groundwork for comprehensive tax reform, and contains dozens of provisions that affect foundations, including—

• A payout requirement for donor advised funds;
• A simplified private foundation excise tax;
• The elimination of two types of supporting organizations;
• New UBIT requirements;
• A floor on the charitable deduction for individual taxpayers.

For both programs, the Council’s policy team will be joined by other experts from the field, including tax attorneys, policy experts, foundation leaders and political analysts. Council staff and our panel of expert guests will:

• Offer insight and opinions on the political environment for tax reform;
• Navigate through both the changes proposed in the legislation and our understanding of the motivation behind those provisions;
• Identify provisions that must be challenged and those we can support;
• Suggest information and education efforts necessary to fortify our positions;
• Explore potential advocacy approaches as the Council and colleague organizations work with Congress towards tax reform that allows philanthropy to thrive; and
• Highlight channels through which we'll seek information from the field that will help shape and inform our positions.

PART II: Provisions on Individual Giving Incentives

This session will recap what we're hearing about the tax reform environment on the Hill. We'll then delve into provisions in Chairman Camp's bill related to the charitable contributions of individual taxpayers, including: a 2% (of AGI) floor on the charitable deduction; a phase-out of the deduction for higher income earners; the shift of the majority of itemizers to non-itemizers; the extension of the deadline for deductible donations to April 15th of the calendar year; and the latest intel on the IRA charitable rollover and the other charitable tax extenders.

There is no fee to attend this event.

To register, click here.

*Call in information will be sent one week prior to the event.