On January 1, 2013, Congress passed the American Taxpayer Relief Act of 2012 (H.R. 8, as amended) in a deal to avert the fiscal cliff, and President Obama signed the bill into law on January 2. Here are key highlights from the new law that are most relevant to philanthropy.
As Congress reconvenes for the year-end lame duck session to address a number of critical tax and spending issues related to the fiscal cliff, there are reports that a cap on the value of the charitable deduction is under consideration as a potential short-term revenue solution.
One of the perks of running a statewide philanthropy association is that I see on a daily basis many heartwarming stories of Floridians who give their time and money to make our state a better place in which to live.
Last week I was invited to speak to the Florida Board of Education about how philanthropy and government in Florida can be effective partners to improve our state’s education outcomes.
When I met with Florida’s congressional representatives and their staffs earlier this year to talk about issues of importance to philanthropy, time and time again people from both parties told me that comprehensive spending and tax reform is likely to happen in Washington in 2013 or 2014—no matter who wins the presidential election this fall. Since most legislative issues of interest to foundations and charitable giving concern federal tax legislation, if we want to be relevant the philanthropy sector should consider how to position and discuss these issues within a broader tax reform context. A new Urban Institute study can help.
Just as Tropical Storm Debby was whipping through Florida last month, Florida Philanthropic Network hosted a webinar to examine philanthropy’s role in disasters, based on lessons learned by the Jessie Ball duPo
“Collaboration” is a word that has been bandied about a lot in the philanthropy and nonprofit sectors in recent years, with calls for nonprofit collaboration escalating after the recession hit in 2008.
Donors Forum of South Florida, a regional association of funders in South Florida, has reached an agreement to merge with Florida Philanthropic Network, a statewide association of foundations, corporate givers and other grantmaking organizations.