Tax Reform and Philanthropy

May 20, 2014
As we shared in previous blog posts, we expect the momentum for tax reform will increase this fall with implications for our sector. In his statements on the Senate floor last week, Senate Finance Committee Chairman Ron Wyden (D-OR) reiterated that a tax extenders bill expected after the November midterm elections is “a bridge to tax reform.”
Several national philanthropic infrastructure organizations are monitoring and analyzing the tax reform developments in Congress. Through the summer, we will share updates and resources from Washington DC, so that our members can more fully engage in the future conversations. Below are upcoming webinars that we believe will offer a range of helpful perspectives.
1) The Increased Popularity – and Scrutiny – of Donor-Advised Funds
Alliance for Charitable Reform webinar series
May 28th - 11 a.m. PST/2:00 p.m. EST
The rising popularity of DAFs has caught the attention of the nonprofit community and congressional leaders. Despite their popularity, DAFs are still widely misunderstood, particularly by those outside of the charitable sector. One of the more surprising proposals included in the tax reform discussion draft released by House Ways and Means Chairman Dave Camp (R-MI) this year was the requirement that DAFs distribute contributions within five years of receipt. Failure to make an eligible distribution would subject the sponsoring charitable organization to an annual excise tax equal to 20 percent of the undistributed funds. This webinar will discuss the increasingly important role DAFs play in charitable giving and critically examine the proposal included in the Camp draft.
To register, please email Marques Chavez at
Council on Foundations webinar series
Part 1 - Provisions on Donor Advised Funds and Supporting Organizations
June 25th - 11 a.m. PST/2:00 p.m. EST
This session will kick off with an update on current activity on Capitol Hill related to tax reform. Expert guests will discuss the details of the proposed 5-year payout requirement for donor advised funds and the repeal of Type II and Type III supporting organizations. 
PART II: Provisions on Individual Giving Incentives 
July 9th - 11 a.m. PST/2:00 p.m. EST. 
This session will recap the latest about the tax reform environment on the Hill. There will also be exploration of the 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.”

Registration and more information
Please note that you will need to create a COF login to sign up; the webinars are free.