IRS Says No Need for More Reform On Donor Advised Funds, Supporting Orgs
Report says present rules on deductions, payout rates, and time when gifts are complete are all appropriate
The Internal Revenue Service recently filed a long-overdue report to Congress on the scope and operation of donor advised funds and supporting organizations that had been requested as part of the effort to “reform” those organizations in the Pension Protection Act of 2006. While describing the size and scope of the organizations in a 109-page report, the IRS concluded that no additional limitations or requirements are necessary at the present time.
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