Following the recommendation of the PSW public policy committee, the PSW Board voted to join these sign-on letters, supporting efforts to simplify the private foundation excise tax. The Private Foundation Excise Tax Simplification Act (H.R. 4953) would simplify the current two-tier private foundation excise tax to a revenue-neutral, flat rate of 1.39 percent. Our association believes that streamlining this private foundation excise tax will support grantmaking without penalizing foundations during times of extraordinary need, such as natural disasters.
We are a vibrant network of funders committed to a thriving Southwestern U.S. through the power of philanthropy.