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In-Depth knowledge on FAQ
The Pension Protection Act of 2006 includes the first comprehensive regulation of donor advised funds. These requirements generally took effect at the beginning of the tax year following enactment of the Act, for charities that hold assets in such funds. However, a provision barring the payment from donor advised funds of grants, compensation and similar payments to donors, advisors, and persons related to them took effect immediately on August 17, 2006. Understanding the definition of what is a donor advised fund also is important to the implementation of the Act’s charitable IRA rollover provision because rollovers are not permitted into donor advised funds.
Frequently asked questions about making grants to fiscal sponsors.
Definition of all types of supporting organizations and requirements for each under PPA.
Frequently asked questions about prohibited grants from donor advised funds following the Pension Protection Act of 2006.
Frequently asked questions about disqualified persons for donor advised funds and sponsoring organizations under the intermediate sanctions rules of the PPA.
Frequently asked questions about deductibility requirements for gifts to donor advised funds.
Frequently asked questions about agency endowment 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.