Update on California's Self-Response Rate for the 2020 Census
By Karla Mercado
By Karla Mercado
By Erika Cervantes, Public Policy and Government Relations
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.
By Seyon Foo
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.
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.
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).
Motion by Supervisor Solis