Tony Macklin

@tonymacklin1
11 Followers
22 Following
71 Posts

Philanthropy advisor, philanthropist, philanthropy geek. Works @ intersection of meaningful giving & community results. Mixes established practices w/emerging trends. Also senior consultant with National Center for Family Philanthropy and Ekstrom Alley Clontz & Associates.

#philanthropy #socialimpact #advising #impactinvesting #donoradvisedfunds #foundations

Websitehttps://tonymacklin.com/
LinkedInhttps://www.linkedin.com/in/tonymacklin1/
Tony MacklinNov 21, 2024
NPQNov 21, 2024
HR 9495, which would let a Trump-appointed treasury secretary strip a #nonprofit of its status if unilaterally deemed a “terrorism-supporting” organization, passed the US House today. We have the story: https://nonprofitquarterly.org/hr-9495-bill-threatening-nonprofits-passes-house/
HR 9495: Bill Threatening Nonprofits Passes House - Non Profit News | Nonprofit Quarterly

A bill, HR 9495, which would allow a presidentially appointed treasury secretary to unilaterally strip a nonprofit of its status if deemed a “terrorism-supporting” organization, has passed in the US House of Representatives.

Non Profit News | Nonprofit Quarterly
Show threadTony MacklinJul 16, 2024
Another https://www.realclearpolitics.com/video/2021/09/28/jd_vance_on_ford_foundation_we_are_actively_subsidizing_the_people_who_are_destroying_this_country.html
Tony MacklinJul 16, 2024
New VP candidate JD Vance has touted new regulations for #philanthropy. One example from 2021 https://www.newsweek.com/stop-treating-left-wing-advocacy-groups-like-charities-opinion-1637733
Stop Treating Left-Wing Advocacy Groups Like Charities

Our laws should promote organizations that serve our society, and reduce the power of those that harm it.

Newsweek
Show threadTony MacklinJun 27, 2024
Deeper dive at https://taxfoundation.org/research/all/federal/501c3-nonprofit-organization-tax-exempt/
Reining in America’s $3.3 Trillion Tax-Exempt Economy

For over a century, lawmakers have exempted politically favored organizations and industries from the tax code. As a result, the tax-exempt nonprofit economy now comprises 15 percent of GDP, roughly equal to the fifth-largest economy in the world.

Tax Foundation
Tony MacklinJun 27, 2024
From the Tax Policy Foundation: "To Raise Revenue, Tax the "Nonprofits" https://www.wsj.com/articles/to-raise-revenue-tax-the-nonprofits-exemptions-hospitals-universities-bceadf3e?st=w6nx4lvmfpix5pt
Tony MacklinMay 8, 2024

https://apnews.com/article/donor-advised-fund-irs-hearing-2a3b282a07892c9c74f00dcee4ad6f83

The $230 billion donor-advised fund industry gets an IRS hearing

The $230 billion donor-advised fund industry gets an IRS hearing

Congress and the Biden administration are considering what, if anything, should be done to tighten restrictions on donor-advised funds, an increasingly popular way for donors to set aside money to spend on charitable causes. This week, the Internal Revenue Service held a public hearing to discuss plans to regulate DAFs. The proposals include: altering the definition of what constitutes a DAF so it applies to a broader swath of accounts; expanding the definition of donor advisers to include personal investment advisers who help manage assets in DAFs; and imposing new penalties for abusing the funds. If approved, the IRS would impose a 20% excise tax on donations that provide significant benefit to the donor, among other changes.

AP News
Tony MacklinMay 2, 2024
#GoFundMe is stepping farther into #philanthropy #intermediary work through GoFundMe.org https://www.axios.com/2024/05/02/natural-disaster-reli
Tony MacklinApr 10, 2024

Around $11 million spent 2018-23 on congressional #lobbying related to #donoradvisedfunds, mostly lobbying against changing the status quo.

Chronicle of Philanthropy article (paywall, interviews both sides of the reform conversation): https://www.philanthropy.com/article/philanthropy-spent-11-million-to-prevent-changes-to-daf-rules

Institute for Policy Studies report (IPS advocates for law and regulatory changes in DAFs): https://ips-dc.org/wp-content/uploads/2024/04/Policy-Report-Who-Is-Lobbying-Against-Charity-Reform-4-5-final.pdf

Tony MacklinApr 5, 2024

160+ Philanthropists Are Demanding #Charity #Law Reform

https://worth.com/160-philanthropists-are-demanding-charity-law-reform/

#philanthropy #foundations

160+ Philanthropists Are Demanding Charity Law Reform - Worth

Progressive campaign Donor Revolt pushes for legislation to make private foundations and donor-advised funds pay out more money, more quickly.

Worth
Tony MacklinMar 20, 2024

The Institute for Policy Studies analyzed 1,401 #donoradvisedfunds sponsors, creating a parallel data set to NPT's annual report. Different from NPT, the Institute separated from the group of national DAF sponsors 9 DAFs that serve as workplace giving sponsors or donation processors.

https://inequality.org/great-divide/daf-sponsor-numbers/

National Donor-Advised Funds Are Hiding Behind Donation Processors to Make Themselves Look Better - Inequality.org

Some donor-advised fund sponsors claim to democratize giving. They are making themselves look more egalitarian than they actually are.

Inequality.org