The Pension Protection Act of 2006 codified the definition of Donor Advised Funds, legislated certain restrictions on activities, and created an expectation of Treasury Regulations to provide additional operating guidance. In 2017 Treasury issued a Notice providing some indication of Treasury's general inclinations regarding regulations. However, not all of the three substantive proposals met with sector approval. Now, in 2020 all indications are Treasury intends to issue proposed Regulations which are expected to be largely consistent with what was published in the 2017 Notice. This session will explore the available guidance and the common uses of these hugely popular and increasingly utilized philanthropic tool.
Understand uses of donor advised funds
Appreciate when a donor advised fund may not be suitable based upon federal tax rules limiting what expenditures and investments may be made from a DAF