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SCG Policy Update

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SCG Submits Comments to the Federal Reserve Regarding Main Street Lending Programs

Publication date: 
04/16/2020

On April 16, 2020, Southern California Grantmakers submitted the following comments urging the Federal Reserve to include 501(c)(3) nonprofit organizations as eligible applicants for the “Main Street Lending Programs”. 

 

"On behalf of Southern California Grantmakers, we respectfully request that the Federal Reserves “Main Street Lending Programs” include 501(c)(3) nonprofit organizations as eligible applicants. 

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SCG Opposes the Proposed Changes to the Supplemental Nutrition Assistance Program (SNAP)

Publication date: 
10/08/2019

You may have caught last week’s Cal Matters’ article about the immense demand facing our food banks in the region. In Los Angeles, our regional food bank serves 7.1 million people annually, of whom 12 percent are older adults and 24 percent are children. Philanthropy has played a crucial role in supporting our regional food banks, making $2.1 million in grants to 21 organizations in 2017.

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Private Foundations Excise Tax: Is the End of the Two-Tier System Near?

Publication date: 
10/08/2019

By Seyron Foo

 

Thinking about your excise tax rate? Congress is once again considering simplifying the private foundation excise tax to one tax rate and that may affect you in the future. Currently, private foundations must pay a 2 percent excise tax on investment income. This 2 percent tax may be lowered to a 1 percent excise tax on investment income if the foundation’s grantmaking exceeds the average distribution rate in the preceding 5 years. Many refer to this as a “two-tier” excise tax system.

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Philanthropy California Opposes Proposed Changes to Federal Food Assistance Programs

Publication date: 
09/27/2019

On September 23, 2019, Philanthropy California submitted public comment to oppose the Department of Agriculture's proposed changes to the categorical eligibility policy in the Supplemental Nutrition Assistance Program which would substantially restrict CalFresh, the state's implementation of SNAP, for over 230,000 adults, children, older adults, and individuals with disabilities in California and further escalate food insecurity. This rule would restrict food assistance benefits from those making over 130 percent of the federal poverty threshold ($32,630 for a family of four). 

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SCG Los Angeles County Watch

Publication date: 
09/27/2019

 

Last Updated:  Friday, December 13,  2019 

Tuesday, December 17, 2019:

Developing a Maternal Mental Health Pilot Program in El Monte - PASSED

Motion by Supervisor Solis

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