Getty
Sen. Chuck Grassley, Republican of Iowa, and Sen. Angus King, an independent from Maine who caucuses with the Democrats, have teamed up on legislation that closely tracks a plan put forward by a group of prominent wealthy donors, foundations, and scholars of charitable giving.
Two key U.S. senators introduced legislation Wednesday designed to spur faster payouts from donor-advised funds and foundations, giving new momentum to an effort that has deeply divided philanthropy.
Sen. Chuck Grassley, Republican of Iowa, a former chairman of the Finance Committee who still sits on that panel, and Sen. Angus King, an independent from Maine who caucuses with the Democrats, have teamed up on legislation that closely tracks a plan put forward by the Initiative to Accelerate Charitable Giving, a group of prominent wealthy donors, foundations, and scholars of charitable giving.
Bright side of 2020: Donor-advised funds up more than 35% for charities rbj.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rbj.net Daily Mail and Mail on Sunday newspapers.
Among the CRF programs was a partnership with the county that provided funding to 3,355 childcare providers across 90 ZIP codes in the county, serving 81,000 children.
The fund also worked to close the digital divide for 9,600 K-12 and community college students by providing them with computers and internet access to continue their classwork and mitigate learning loss.
Overall, more than 200 nonprofits were awarded CRF grants. San Diegans are resilient, generous and visionary, said Mark Stuart, president and CEO of the foundation. Together, we will invest in sustainable solutions that address the systemic issues that have led to many of the hardships from this past year.
Grants from Community Foundation Donor-Advised Funds Soar as COVID-19 Inspires Wave of Giving prweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prweb.com Daily Mail and Mail on Sunday newspapers.
Community Foundations Wrestle Over Whether to Accept Government Help philanthropy.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philanthropy.com Daily Mail and Mail on Sunday newspapers.