The rising popularity of donor-advised funds (DAFs) has caught the attention of the nonprofit community and congressional leaders. Despite their popularity, however, DAFs are still widely misunderstood, particularly by those outside of the charitable sector and by policymakers. For these and other reasons, the Alliance for Charitable Reform conducted its most recent webinar on May 28 entitled The Increased Popularity – and Scrutiny – of Donor-Advised Funds.
One of the more surprising proposals included in the tax reform discussion draft released by House Ways and Means Chairman Dave Camp (R-MI) is the requirement that DAFs distribute contributions within five years of receipt. Failure to make an eligible distribution would subject the sponsoring charitable organization to an annual excise tax equal to 20 percent of the undistributed funds.
This webinar discussed the increasingly important role DAFs play in charitable giving and critically examined the proposal included in the Camp draft. Presenters included:
- Jeff Zysik, CFO, Donors Trust
- Brent Christopher, president & CEO, Communities Foundation of Texas
- Benjamin Pierce, president, Vanguard Charitable Endowment Program
Click here to download the slides offered by each presenter.