Senate Bill Proposes Dramatic Changes for Donor Advised Funds and Private Foundations | Patterson Belknap Webb & Tyler LLP
To embed, copy and paste the code into your website or blog: On June 9, 2021, United States Senators Angus King (Ind.-MA) and Charles Grassley (R-IA) announced plans to introduce the “Accelerating Charitable Efforts Act” or the “ACE Act” (the “Act”) which, if adopted, would implement significant changes with respect to the rules surrounding donor advised funds (“DAFs”) and private foundations. The proposed changes, already being hotly debated in the philanthropic community, wo...
United States Angus King Community Foundation Patterson Belknap Fund Duration Provision Administrative Expenses Involving Foundation Disqualified Persons
Source: jdsupra.com