United States · Bill · S
S. 2756 (116th)
Philanthropic Facilitation Act
Introduced
31 October 2019
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
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Subjects
Discovery layer
Source updated
3 January 2025
Summary
Philanthropic Facilitation Act This bill amends the Internal Revenue Code to (1) expand the definition of, and requirements relating to, "program-related investments" made by private foundations to for-profit entities to further certain charitable purposes; (2) allow a judicial determination (i.e., declaratory judgment) as to whether investments in any entity qualify as program-related investments; (3) require expanded reporting by for-profit entities that receive program-related investments of their gross income, expenses, disbursements, and other information; and (4) allow public inspection of any petition seeking a determination that an investment by a private foundation is a program-related investment and of any information reported by organizations receiving program-related investments.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 31 October 2019
Introduced in Senate (PDF)
Introduced in Senate · EN · 31 October 2019
Introduced in Senate
summary · EN · 31 October 2019
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/116th-congress/senate-bill/2756
- Open data entity: https://api.congress.gov/v3/bill/116/s/2756