OHSU announces $100M anonymous gift to Knight Cancer Challenge
Oregon Health & Science University announced a whopper of a gift to the Knight Cancer Challenge: $100 million from an anonymous source. That brings the university within shooting distance of its $500 million goal, which it has until February 2016 to reach. Once it raises that amount, Nike Founder Phil Knight and his wife Penny will match it with another $500 million for cancer research.
To learn more about this click HERE.
Public Policy Alert
On July 1, 2014, the IRS released a new Form 1023-EZ for small organizations to file for tax-exempt status. Effective for use immediately, instructions are posted on IRS.gov. According to the IRS, the new form permits a shift in its allocation of resources from the lengthy, up-front application review process to a more robust focus on compliance. Most small organizations with gross receipts of $50,000 or less and assets of $250,000 or less are eligible to use this new form. The IRS predicts that 70% of all applicants will be eligible. To determine eligibility, applicants complete a seven-page “Eligibility Worksheet” that is contained in the Instructions for Form 1023-EZ.
The Nonprofit Association of Oregon (NAO) supports easing the paperwork burden, approval backlog, and filing fee faced by new nonprofits. That said, NAO believes the new form is flawed and is concerned that the tide of emerging nonprofits will lack the capacity to understand essential regulatory and fiduciary requirements.
In April, NAO joined the National Council of Nonprofits to comment on proposed changes to the Form 1023-EZ, expressing concern that while improvements do need to be made, “...the proposed new EZ Form and related express-lane approval process go too far and too fast.” The Council of Nonprofits called on the IRS to instead emulate the example set by the Office of Management and Budget (OMB) regarding reform efforts by seeking guidance from the public and the charitable nonprofit community and its stakeholders to strike the right balance between increasing efficiency, minimizing the burdens on nonprofits and the IRS, and improving public trust.
On June 20, GRANTMAKERS of Oregon and Southwest Washington, The Oregon Community Foundation and the Nonprofit Association of Oregon wrote a joint letter to Senator Ron Wyden reiterating concern about the proposed form and requested an opportunity for more substantial input from Oregon’s nonprofit and foundation communities. Our three organizations are working closely with the Charitable Activities Section of the Oregon Department of Justice and national organizations concerned with the unintended outcomes of the change.
GOSW, in partnership with NAO and OCF will continue to update you on any additional information about Form 1023-EZ. Our thanks to NAO for sharing their content with us.
Social Venture Partner’s Rising Leaders
SVP’s Rising Leaders
Social Venture Partners is pleased to announce that we are now accepting applications for the 2014-2015 Rising Leaders program through August 25, 2014. Rising Leaders offers a specialized year-long SVP Partnership for a cohort of 20’s- and 30’s- something professional leaders that builds skills, competency and relationships for leadership in philanthropy. The program provides a forum for learning, action and leadership, preparing Portland’s emerging leaders to positively impact their community. For a full program description, see this page.
The Standard and its Employees Contributed $2.6 Million to Nonprofits in 2013
The Standard Charitable Foundation, Standard Insurance Company (“The Standard”) and its employees together contributed more than $2.6 million across the nation last year to nonprofits. The contributions supported nonprofit organizations that align with the company’s giving priorities, including education, disability and empowerment, cultural development and healthy communities.
Through the company’s matching gift program, employees and retirees donated to more than 1,100 nonprofits in communities where employees and customers of The Standard live and work. Employees of The Standard also volunteered more than 15,000 hours in their communities on company-donated time.
The Standard’s 2013 Report to the Community outlines the company’s philanthropic giving and highlights The Standard’s employee volunteer and sustainability efforts. View the 2013 Report to the Community here.
About The Standard
The Standard is a leading provider of financial products and services, including group and individual disability insurance, group life and accidental death and dismemberment insurance, group dental and vision insurance, absence management services, retirement plans products and services, individual annuities and investment advice. For more information about The Standard, click here.
The Oregon Parenting Education Collaborative Grants More Than $1.6 Million
The Oregon Parenting Education Collaborative Grants More Than $1.6 Million, Supporting Hubs in 27 Counties
Portland, Ore. — June 30, 2014 — The Oregon Parenting Education Collaborative (OPEC), a multiyear grant program partnership among four of Oregon’s largest foundations (The Oregon Community Foundation, The Ford Family Foundation, Meyer Memorial Trust and The Collins Foundation) and Oregon State University awarded more than $1.6 million in grants to organizations around the state to support the delivery of high-quality parenting education programs. Grants will also help develop and strengthen collaborations among providers through regional parenting education “Hubs.”
Click here for more information and to see a map and list of grant recipients around the state.