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MCF Signs On To Letter Supporting Private Foundation Excise Tax Simplification

Release Date: 
11/18/2019

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...

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News type 
Policy in Focus
Audience 
Independent Foundation
Topic(s) 
Tax PolicyExcise Tax
News

Private Foundation Excise Tax Simplification Seems Possible

Release Date: 
11/05/2019

MCF and the broader philanthropic field have long been advocates for simplifying the private foundation excise tax to a flat rate. This long-time priority has moved into the realm of the possible -- our national partners and the field have united...

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News type 
Policy in Focus
Audience 
Independent Foundation
Topic(s) 
Tax PolicyExcise Tax
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