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October 2019 Public Policy Roundup
Publication date:
10/23/2019
SCG Policy Update
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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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August 2019 Public Policy Roundup
Publication date:
08/27/2019
Executive Summary
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Philanthropy California Opposes Proposed Changes to Healthcare Rights
Publication date:
08/13/2019
On August 13, Philanthropy California submitted public comment to oppose the Department of Health and Human Services' proposed changes to the Patient Protection and Affordable Care Act which would substantially limit federal protections against gender identity and sexual orientation discrimination in healthcare.
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July 2019 Public Policy Roundup
Publication date:
07/29/2019
Executive Summary
This month’s Policy Roundup takes a look into the bustling updates from Sacramento including the newly enacted state budget, a legislative strategy to reduce deep child poverty and what a statewide-run retirement savings option would look like in practice. We also explore the potential impact of the federal administration’s proposal to shrink the federal poverty threshold and new private university endowments taxes. Other highlights include:
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Analysis: Taxpayers First Act Requires Nonprofits to E-File Tax Forms
Publication date:
07/23/2019
The newly enacted Taxpayers First Act (Public Law 116-25) is the first substantial modification reform to the Internal Revenue Service (IRS) in over two decades, revising its organizational structure, increasing cybersecurity measures and revising requirements for electronic filings. The new law also requires all tax-exempt organizations filing a Form 990 and political organizations that receive or spend funds for tax-exempt functions filing a Form 8872 to file their annual tax returns electronically and made available in a machine-readable format.
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Analysis: IRS Issues New 1.4 Percent University Endowment Income Tax
Publication date:
07/23/2019
On Friday, June 28th, 2019, the Internal Revenue Service released the proposed tax guidelines for higher education institutions that are now required to pay a new tax on their endowments as outlined under the 2017 Tax Cuts and Jobs Act. The 1.4 percent excise tax on net investment income targets universities with at least 500 tuition-paying students and with assets of $500,000 per student. The newly proposed regulations are estimated to impact between 25 to 40 institutions.