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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 šůždisappointing and nonresponsive.šůĚ 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.
Carnavalia!: African-Brazilian Folklore and Crafts
Sale Price: $10.00
U.F.O.s: The Sighting of Alien People & Spacecraft From the Earliest Centuries to the Present Day
Itís Never Too Late to Get Rich: Secrets of Building a Nest Egg at Any Age
Sherlock Holmes Victorian Cookbook: Favourite Recipes of the Great Detective & Dr. Watson
Peopleís Charter?: Forty Years of the National Parks & Access to the Countryside Act 1949
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