Article Archives >> Ready Reference >> August 1-31, 2006
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Congress Passes Charitable Reforms,
Approves Limited Giving Incentives
Big changes made for DAFs, SOs and general accountability;
IRA rollover allowed for some direct gifts to charity
Excerpt
Congress has passed the most sweeping set of changes to the rules
governing charities since 1969 (H.R. 4), enacting a legislative
definition and series of regulations for donor advised funds, imposing
new limitations on supporting organizations and generally tightening
a series of rules to improve the “accountability” of
charities and donors. One of the provisions calls for recapture
of deductions for appreciated personal property if the charity does
not use the property in its charitable program. The bill has also
enacted some incentives for charitable giving, most of which are
operative only until the end of 2007.
Article Archives >> Ready Reference >> August 1-31, 2006
