Dec 7, 2011
Treasury Department Releases Study on Supporting Organizations and DAFs
Washington Update
Finally completing a 2005 request by Senator Charles Grassley (R-IA), the Treasury Department released their study today on how nonprofit supporting organizations and donor advised funds distribute money to charities. The report found that these groups distributed approximately 9 to 12 percent of their assets in 2006, and recommended that there NOT be any federal requirement for annual giving for supporting organizations and donor advised funds, since their giving was high compared to private foundations.