MCF Signs On To Letter Supporting Private Foundation Excise Tax Simplification

Monday, November 18, 2019

The Minnesota Council on Foundations has signed onto a letter to House leadership and Ways and Means Committee leadership in support of simplifying the private foundation excise tax to a revenue-neutral flat rate of 1.39%. The letter is being organized by United Philanthropy Forum, the membership association for philanthropy serving organizations like MCF. The published letter is available to read here.

The field has united behind the revenue-neutral flat rate of 1.39% and there's cautious optimism that it will pass as part of the next budget bill. Learn more here.


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