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Philanthropic Achievement of the Week

2014 - World’s Most Powerful Telescope

Milky Way

The most influential tool in astronomy and astrophysics over the last generation has been the Hubble Space Telescope. In 2014, construction began on a new instrument, to be located atop Mauna Kea in Hawaii, that will provide images 12 times sharper than Hubble’s. The Thirty Meter Telescope will have nine times the light-collecting power of the largest existing telescopes, and its new “adaptive optics”—making constant minute mirror adjustments to counteract turbulence in the earth’s atmosphere—will allow it to create images as sharp as those taken in space where there is no atmosphere to deflect incoming light. The potent instrument will initially be used to understand the formation of stars and planets and the evolution of galaxies, and is expected to have revolutionary effects on cosmology and fundamental physics.

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ACR News 06.27.14—Tax Reform, Giving USA, Upcoming Interview with Patrick Rooney

>> Federal: Washington Roundup
>> Federal: New Senate Finance Committee Chairman Wyden Holds His First Tax Reform Hearing
>> Federal: Wyden Sets Tax Reform Timeline
>> Federal: Ways and Means Continues Piecemeal Approach
>> Federal: Upcoming ACR Interview with Dr. Patrick Rooney
>> Consider This: Mixed Messages
>> Top Reads: Giving USA 2014: Highlights


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Philanthropic Achievement of the Week

2011 Malaria Vaccine

Maleria
Malaria remains one of the most intractable diseases in the developing world, killing one million people a year and damaging the economic productivity of many more. Large resources have already been poured into combatting the disease, yet a McKinsey study has noted that $11 billion more would be needed to end malaria deaths in the 30 worst-affected African countries. One promising alternative funded with support from the Bill & Melinda Gates Foundation is a vaccine. In 2011, the first-ever malaria vaccine was announced. It is still in trial stages, but so far seems to prevent severe symptoms in half of the individuals who receive it, while offering extra protection to infants and toddlers. While efficacy rates need to be improved before the vaccine is put into wide use, the initial findings have begun discussions about the long-dreamed-of possibility of widespread immunization in endemic countries.

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Philanthropic Achievement of the Week

1982 - Land Trusts Take Off

Land Trusts Take Off
Land trusts, or conservancies, are private nonprofits that protect land directly by owning it. Though their roots go back to the 1890s, in just the last generation land trusts have become one of the fastest growing and most successful elements of environmental conservation in the U.S. The grandaddy of land trusts is the Nature Conservancy (see 1951 entry), but there are others operating on a national level, like the American Farmland Trust, the Wetlands America Trust affiliated with Ducks Unlimited (see 1930 entry), the Appalachian Trail Conservancy, and trusts with specialized missions like the National Trust for Historic Preservation, and the Civil War Trust.

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ACR News 06.13.14—ACR Advisory Council, an Election Stunner, the Silly Season

>> Federal: Washington Roundup
>> Federal: Cantor Loses Primary Bid
>> Federal: Ways and Means Approves ACR Bills!
>> Federal: Big News – Wyden Outlines Tax Reform Time Frame
>> Federal: ACR Advisory Council
>> Consider This: Mixed Messages
>> Top Reads: Donor-Advised Funds Hoping to Roll Back Spend-Down Mandate in Camp Tax Overhaul


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ACR Advisory Council

To further enhance our public policy efforts, ACR has convened a new Advisory Council, bringing together some of the nation’s top legal and policy experts on philanthropy.  Council members include:

Karen Gries, CliftonLarsonAllen
Emil Kallina, Kallina & Associates
Alexander Reid, Morgan Lewis
Patrick Rooney, Lilly Family School of Philanthropy at Indiana University
Andrew Schulz, Foundation Source
Robert Sharpe, The Sharpe Group
Eugene Steuerle, The Urban Institute

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Philanthropic Achievement of the Week

Statue of Liberty-Ellis Island Foundation

Statue of Liberty
The Statue of Liberty may be the best known monument in the world, and the adjoining Ellis Island immigration halls are among America’s most historic sites. Both venues have been restored and revamped for mass visitation entirely by private philanthropy. In 1982, as the centennial of the statue approached, President Ronald Reagan appointed Lee Lacocca, then chairman of Chrysler Corporation, to lead a private-sector effort to fund restoration and preservation; the Statue of Liberty-Ellis Island Foundation was born.

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Donor-Advised Funds Hoping to Roll Back Spend-Down Mandate in Camp Tax Overhaul

By Diane Freda, Bloomberg BNA

Reproduced with permission from Daily Tax Report, 108 DTR G-1 (June 5, 2014).
Copyright 2014 by The Bureau of National Affairs, Inc. (800-372-1033) http://www.bna.com

Donor-advised fund representatives are hoping to dial back a proposed five-year spend down requirement that would be imposed on funds as part of House Ways and Means Committee Chairman Dave Camp’s (R-MI) draft Tax Reform Act of 2014.

Under the Camp discussion draft, donor-advised funds (DAF) would be subject to a 20 percent excise tax on DAF contributions that aren’t disbursed to charities within five years. The tax would apply in every year the donor-advised fund fails to make the distribution

Killing a payout requirement entirely may be difficult to accomplish, Sandra Swirski, executive director for the Alliance for Charitable Reform, told Bloomberg BNA June 3.

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ACR Blog: W&M Tax Extenders Markup

House Ways and Means Chairman Dave Camp (R-MI) held a markup (which is a formal amendment process) on May 29 on another group of tax extenders – annually expiring tax incentives – and related bills that the Chairman hopes to make permanent. The Committee considered three charity-related bills: a permanent extension of the IRA charitable rollover (introduced by Rep. Aaron Schock (R-IL) and Rep. Earl Blumenauer (D-OR); a permanent extension of the deduction for qualified conservation easements; and a permanent extension of the enhanced deduction for food donations.

The Committee also considered two other bills, both of which have long been ACR priorities.

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Philanthropic Achievement of the Week

Saving Fisheries Through Catch Sharing

Concerned about the decline of the world’s fish population and the abysmal failures of existing government interventions to solve the problem, Barrett Walker decided to use market-based techniques and funding from his family’s Walker Foundation to attack the problem. He started a chain reaction of philanthropy that in less than ten years transformed solutions to overfishing.

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