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The final version of a bill requiring the electronic filing of nonprofit tax returns and the release of those forms to the public free of charge in a searchable, machine-readable format.
A provision in H.R. 3151 (the "Taxpayer First Act"), a bipartisan Internal Revenue Service reform measure that was passed by Congress in June, makes e-filing of Forms 990 by exempt organizations mandatory beginning with the 2020 tax year. A delay in implementation may be granted for small organizations, organizations for which the U.S. Department of Treasury determines that the law would cause an undue burden, and organizations filing Form 990-T.
Read the full article here.
The Philadelphia Foundation is trying to spend $1 million and is looking for your help.
The philanthropic organization has created an online voting platform for the public to determine which of 15 pre-selected, nonprofit organizations should be granted a portion of the money.
“Part of the reason we’re doing this is to demystify the work of nonprofits,” said Philadelphia Foundation president and CEO Pedro Ramos. “To make more visible the work that nonprofits are doing all around us and hopefully [we] don’t take for granted, but often do.”
Click here to read full article from WHYY.
United Way of Delaware (UWDE) recently elected eight new members to its board of directors, including Delaware business, academic and cultural leaders and the first representative from Salem County, New Jersey, which is now part of United Way of Delaware’s service area.
The board of directors sets policy and provides oversight and guidance for UWDE, which is one of only two statewide United Ways in the country. The board recently adopted a five-year strategy called Living United 2024, which targets improvements in third-grade reading proficiency, college and career readiness for middle and high school students and financial stability and empowerment for individuals and families.
The following individuals were elected to two-year terms on the UWDE board of directors, effective June 13, 2019:
Click here to read article from Delaware Business Times.
Beebe Medical Foundation presented the Margaret H. Rollins Student Philanthropy Award to nursing student graduate Mallory Drew during the school’s graduation ceremony May 30.
Mallory demonstrated her natural leadership and spirit of volunteerism upon entering the Margaret H. Rollins School of Nursing, said Judy Aliquo, president and CEO of Beebe Medical Foundation.
“The foundation was pleased to honor Mallory, who has been exemplary in her philanthropic activities, supporting both Beebe Healthcare and the community at large,” said Aliquo. “She volunteered at many of the school’s open houses and enthusiastically shared her pride in her school. Her friendly attitude, warm smile and engagement with participants made her a popular and effective tour guide for prospective students and their families.”
In the past year, Drew dedicated more than 40 hours to community service as a volunteer. The requirement for the nursing program is eight hours each semester. Drew was one student the school could always call upon for an extra hand or to represent the School of Nursing at various community events.
Click here to read full article from Beebe Healthcare.
A Letter on Behalf of the Presidents' Council on Impact Investing, a Group of 20 Leading U.S. Foundations with a Shared Commitment to Impact Investing and More Than $80 Billion in Combined Assets.
Across America, from city halls and community meetings to board rooms and chambers of commerce, local leaders are working hard and fast to understand what it means to live in and invest in an Opportunity Zone. This year, governors designated more than 8,700 low-income communities as Opportunity Zones, responding to a provision in the 2017 tax law aimed at incentivizing private investment in small businesses, affordable housing and other drivers of economic opportunity.
Click here to read full article from Cision PR Newswire.
U.S. Department of Transportation Secretary Elaine L. Chao today announced that the Federal Aviation Administration (FAA) will award $495 million in airport infrastructure grants, the first allotment of the total $3.18 billion in Airport Improvement Program (AIP) funding for airports across the United States.
This significant investment in airport improvements will fund construction and rehabilitation projects that will help maintain high levels of safety in U.S. aviation, said U.S. Department of Transportation Secretary Elaine L. Chao.
Grant awards include:
Click here to read full press release from EIN Newsdesk.
Firm to invest in creating more economic opportunity for black Detroiters through job training, small business and home ownership.
JPMorgan Chase & Co. today announced that it will expand the firm’s investment in Detroit’s economic recovery, committing to reach $200 million by the end of 2022. The announcement comes as the firm exceeded its initial five-year, $150 million commitment.
The new data-driven investment builds on the initial progress that helped boost the city’s recovery through the creation of sustainable loan programs for small businesses like the Entrepreneurs of Color Fund and increased access to affordable housing and job training, and targets the gaps in the city’s economic recovery.
Click here to read full press release from JP Morgan Chase.
Instead of simply giving away money, the team is granting funds to specific projects at Philly institutions — acting almost like a mini National Institutes of Health.
The way a standard sports philanthropy partnership works is something like this: A team raises money for an important cause, selects a partner organization, and writes a fat check. The two groups share a photo op, and everyone goes home happy.
But the Eagles are trying something different with their philanthropy efforts to fund autism research. Instead of selecting a research institution and letting it figure out how best to allocate the money, the team is taking a more active approach and picking the specific research projects to receive funding.
The effect is to turn the team into a grant funder, sort of like a miniature National Institutes of Health. The shift, according to Eagles Autism Challenge executive director Ryan Hammond, is grounded in the “idea of not being transactional, and not just putting our money out there and hoping for the best.”
Autism affects one in 59 people under the age of 21 and is increasing in prevalence across the U.S. That increase may have more to do with broadening diagnostic criteria and heightened awareness more than anything else, but the disorder remains poorly understood by researchers. It was an obvious target for the Eagles — owner Jeffrey Lurie’s brother is on the autism spectrum.
“This venture I see as kind of a melding of Jeffrey’s private life and his public life,” Phillies owner John Middleton said of Lurie’s autism fundraising in a 2017 Philly Mag profile of him.
Click here to read full article from Philadelphia Magazine.
Philanthropy Delaware's President and CEO, Cynthia Pritchard, speaks as a guest on Neva's Potatoes Podcast.
The Big Fish Charitable Foundation is a fundraising 501(c)(3) nonprofit organization that drives, manages, and facilitates all of the charitable and philanthropic activity the Big Fish Restaurant Group and each of its restaurants and businesses engage in. The Big Fish Restaurant Group currently consists of 23 restaurants and businesses located in Rehoboth Beach, Ocean View, Wilmington, Delaware, and Baltimore, Maryland.
Neva's Potatoes is a Big Fish Culture & Community podcast is a part of the Big Fish Charitable Foundation that works to build richer relationships within the Big Fish community and throughout our community at-large, one conversation at a time.
Listen to podcast on on Audioboom.
Click here to learn more about Neva's Potatoes.
The House Ways and Means Committee passed legislation Thursday that would repeal a tax on nonprofits’ transportation benefits, clearing the way for a floor vote on a provision in the 2017 tax overhaul that is reviled by many nonprofits.
Often called the "parking tax," the provision changed how the unrelated business income tax was applied to nonprofits, resulting in a new 21 percent levy on parking and transportation benefits offered to employees of charities and churches.
Eliminating the provision was a key priority of many nonprofit advocacy groups, including the Council on Foundations, Independent Sector, the National Council of Nonprofits, and the United Philanthropy Forum.
Congressional Committee Passes Repeal of Nonprofit _Parking Tax’ - The Chronicle of Philanthropy.pdf
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