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Diane Publishing Books
Analysis of Charitable Giving and Donor Advised Funds
Molly F. Sherlock (au); Jane G. Gravelle (au)
Congress has long been concerned with ensuring that contributions for which tax deductions are claimed directly benefit charitable activities. Private foundations, a traditional arrangement that allows donations to non-active charitable entities, typically pay grants out of earnings on donated assets. Another arrangement that is growing rapidly is the donor advised fund (DAF). A taxpayer contributes to a DAF, taking a tax deduction. The fund sponsor makes grants to active charities, advised by the donor. Unlike private foundations, DAFs are not required to pay out a certain proportion of assets as grants each year. Provisions enacted in the Pension Protection Act of 2006 (P.L. 109-280) required DAF sponsors to report data on grants. The data are reported at the sponsoring organization level, where sponsoring organizations may maintain multiple individual DAF accounts. The 2006 act also directed the Treasury Dept. to study DAFs, with Congress expressing particular interest in issues relating to potential restrictions on deductions and minimum payout requirements. The Treasury study, released in 2011, was criticed by Senator Chuck Grassley, Senate Finance chairman, as being ńˇýdisappointing and nonresponsive.ńˇŁ This report uses 2008 data to examine the minimum payout requirement, finding results similar to those found by Treasury. Tables and figures. This is a print on demand report.
Around the American Table: Treasured Recipes & Food Traditions from the American Cookery Collections of the New York Public Library
Secret War in Shanghai: An Untold Story of Espionage, Intrigue, & Treason
Reading from the Heart: Women, Literature & the Search for True Love
Behavior & Learning of Animal Babies
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