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New Challenges Facing Ohio’s Donor Intent Legislation preview

New Challenges Facing Ohio’s Donor Intent Legislation

Joanne Florino provided testimony before the Ohio House of Representatives Committee on Higher Education and Career Readiness in support of proposed legislation that would protect donor intent in endowment agreements with public colleges and universities.

About the Author

Elizabeth McguiganDirector of Policy Elizabeth McGuigan is the director of policy at Philanthropy Roundtable. Prior to joining the Roundtable, Elizabeth spent more than eight years as a director of legislative and Read more…

About the Author

Elizabeth McguiganDirector of Policy Elizabeth McGuigan is the director of policy at Philanthropy Roundtable. Prior to joining the Roundtable, Elizabeth spent more than eight years as a director of legislative and Read more…

S. 1981 Makes It More Difficult for Public Charities To Meet the Public Support Test

The Bill Would Treat All Anonymous DAF Contributions Received From Sponsoring Organizations As Coming From One Person— Whether That Is the Case or Not   Under current law, public charities must demonstrate broad support from the public to obtain and retain public charity status. This bill would prohibit public charities from using Read more…

S. 1981 Makes It More Difficult for Public Charities To Meet the Public Support Test

The Bill Would Treat All Anonymous DAF Contributions Received From Sponsoring Organizations As Coming From One Person— Whether That Is the Case or Not   Under current law, public charities must demonstrate broad support from the public to obtain and retain public charity status. This bill would prohibit public charities from using Read more…

S. 1981 Provides a Small Carrot for Private Foundations

The Bill Would Exempt a Private Foundation From the Excise Tax on Investment Income in a Taxable Year Under Two Scenarios   S. 1981 does provide a small “carrot” for private foundations by creating an exemption for private foundations from the excise tax on investment income in a taxable year. Read more…

S. 1981 Provides a Small Carrot for Private Foundations

The Bill Would Exempt a Private Foundation From the Excise Tax on Investment Income in a Taxable Year Under Two Scenarios   S. 1981 does provide a small “carrot” for private foundations by creating an exemption for private foundations from the excise tax on investment income in a taxable year. Read more…

S. 1981 Imposes Ineffective and Counterproductive Limits on Private Foundations

The Bill Would Prohibit Private Foundations From Counting DAF Gifts Toward Their Required 5% Payout Rate, Without Justification   Under current law, private foundations may include contributions to a DAF toward their annual qualifying distributions.  The bill would generally exclude DAF gifts from the definition of qualifying distributions, Read more…

S. 1981 Imposes Ineffective and Counterproductive Limits on Private Foundations

The Bill Would Prohibit Private Foundations From Counting DAF Gifts Toward Their Required 5% Payout Rate, Without Justification   Under current law, private foundations may include contributions to a DAF toward their annual qualifying distributions.  The bill would generally exclude DAF gifts from the definition of qualifying distributions, Read more…

Introduction

The Philanthropy Roundtable supports the voluntary nature of philanthropy and believes that it is necessary to protect all pathways to giving. Donor-advised funds, or DAFs, are personal charitable giving accounts Read more…

Title

THE BILL WOULD UNNECESSARILY DIVIDE DAFS INTO TWO CATEGORIES: QUALIFIED AND NONQUALIFIED

Introduction

Donor-advised funds (DAFs)—individual tax-advantaged accounts through which individuals set aside funds for current and future charitable use—have become the fastest-growing vehicle for charitable giving in recent years. The number of Read more…

Introduction

Donor-advised funds (DAFs)—individual tax-advantaged accounts through which individuals set aside funds for current and future charitable use—have become the fastest-growing vehicle for charitable giving in recent years. The number of Read more…