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About The Alliance For Charitable Reform Founded in January of 2005, the Alliance for Charitable Reform is a project of The Philanthropy Roundtable. The Alliance was formed as an emergency self-defense initiative to respond to legislative proposals on Capitol Hill, some of which could adversely affect private foundations and the charities they support. A Short History of the Alliance In October of 2003, the Boston Globe ran a series of articles highlighting the outrageous behavior of several private foundation officials – for example, using foundation assets to subsidize family weddings. The Need for Continued Diligence in Washington The November elections resulted in a major power shift in Washington, and the 110th Congress under Democratic leadership will surely usher in a new legislative agenda. Members of the Alliance for Charitable Reform receive enormous benefits as a result of their participation in our growing coalition. Philanthropy exemplifies the American ideal of private action in the public interest, demonstrating our faith in the capacity of individual citizens not only to create wealth, but also—voluntarily—to care for their country, their communities, and their fellow citizens without undue reliance on government. To reform and strengthen foundations and other philanthropic organizations; To ensure and promote the highest standards of integrity, efficiency and effectiveness across the philanthropic sector; Excise taxes paid by Private Foundations and fees and taxes collected from public Charities should be dedicated exclusively to fund IRS Enforcement of Exempt Organization (proposed in the SFC Staff Discussion Draft). Current law imposes an excise tax on the net investment income of a private foundation. This tax was originally enacted to fund the Exempt Organizations Division of the IRS. The two-percent tax generates approximately $400-500 million annually; yet, the budget of the Exempt Organizations Division is a mere fraction of that total. For Marie Wasie, the wife of former Minneapolis trucking pioneer and philanthropist Stanley Wasie, one of the biggest problems facing America was the poor healthcare being provided to a growing number of young Americans. Alliance for Charitable Reform phone: 202.466.8700 |
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