Donr-Advosed Funds: Preparing for Closer Scrutiny

摘要

Congress has shown a great deal of interest in donor-advised funds (DAFs) in the last few years. The Pension Protection Act of 2006 introduced several significant restrictions on DAFs and directed the IRS to further study their organization and operation. In complying with that mandate, on Feb. 26 the Service issued Notice 2007-21, which raised some provocative and potentially wide-reaching issues concerning these funds. These issues may affect the ability of DAFs to continue to allow donors to defer some of the decisions relating to charitable contributions while obtaining immediate tax benefits.