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From: Philanthropy Today
Subject: Tax Bill Moves to Senate; Advocates Seek to Limit Damage
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The Supreme Court had deadlocked on the question of whether the country’s first public religious charter school would violate the separation of church and state. The 4-4 tie leaves in place a ruling by the Oklahoma Supreme Court that establishment of the St. Isidore of Seville Catholic Virtual School, which sought “complete and direct taxpayer funding,” would violate state law and the Constitution. Still expected in the current court session is a decision in a case challenging Wisconsin’s system of granting tax-exempt status to faith-based nonprofits based upon whether their work is essentially religious or secular in nature. (Washington Post)
Wealthy backers of private foundations, including traditional GOP allies, are hoping to scuttle the Republican effort to hike taxes on philanthropies’ investment income. Ostensibly rooted in hostility to large foundations that the right views as progressive, the measure would likewise hit grant makers bankrolled by conservative figures, including Blackstone Group’s Steve Schwarzman and Citadel’s Ken Griffin. Leon Cooperman, a Republican donor with a major family foundation, said he feared the provision would dampen giving, while Lawson Bader, head of DonorsTrust, said it “seems to be really nothing more than a money grab that is — I think — tinged with some political DNA that has me uncomfortable.” The tax hike has passed in the House, but opponents hope to kill it in the Senate. (Politico)
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