Council summary of the 2012 Congressional Research Service Report on Donor-Advised Funds. The report updates to 2008 some of the statistical information about donor-advised funds that was included in the 2011 Treasury report on donor-advised funds.
Donor advised funds have been a part of the federal tax law of charity for nearly a century, yet only recently has it become the subject of considerable scrutiny and criticism. The following resources are intended to help members navigate the complexity of rules applicable to donor advised funds.
In-Depth knowledge on Donor Advised Funds
This booklet focuses on how donor-advised funds at community foundations strengthen and improve American communities. These funds are also versatile tools that other charitable organizations effectively employ to provide support to communities with shared interests in the arts, education, health, religion, and social services both inside and outside the United States.
This handy flowchart can help foundations determine which funds should be classified as donor advised under the Pension Protection Act of 2006.
Frequently asked questions about deductibility requirements for gifts to donor advised funds.
Raising money for community needs is the central function of community foundations. No surprise, then, that we receive more questions about fundraising than about any other topic. Following are some common inquiries we receive by telephone and e-mail and the replies we give.
Frequently asked questions about payments from donor advised funds.
Use this flowchart to determine if grants from donor advised funds require expenditure responsibility.
Can a 501(c)(3) organization with a donor advised fund at a community foundation make a distribution to itself?
Gifts from private foundations to field of interest funds, designated funds, and other funds that are not donor advised, are entirely permissible and do not raise special concerns. Gifts to a donor-advised fund can raise red flags as a potential donor control issue.
For international grants, the Pension Protection Act requires donor-advised funds to comply with certain rules imposed on private foundations. Sponsoring organizations administering international grants from advised funds have adopted various practices to comply with the new requirements. This article discusses these changes, along with a brief description of the new rules.