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Minnesota foundations speak out about impact of tax law changes

 

Glen Stubbe – Star Tribune

"Nothing confounds me or disappoints me more than that tax bill," U.S. Rep. Dean Phillips said Monday at a meeting with foundation officials at Cargill's headquarters in Wayzata. Above: Phillips in 2018.

A year and a half after the 2017 federal tax law, Minnesota foundations and nonprofits are still grappling with its effect on charitable giving and looking for ways the sector can push back.

On Monday, more than 30 foundation leaders from across the state shared growing angst and concerns with U.S. Rep. Dean Phillips, with some reporting a drop in the number of donors last year.

http://www.startribune.com/minnesota-foundations-consult-u-s-rep-dean-phillips-as-they-grapple-with-federal-tax-law-changes/511756782/

 

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