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Senators push measure to accelerate DAF, foundation giving


Senators push measure to accelerate DAF, foundation giving
Dan Parks, The Chronicle Of Philanthropy
Associated Press
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FILE - In this Tuesday, June 8, 2021 file photo, Sen. Chuck Grassley, R-Iowa, listens during a Senate Finance Committee hearing on the IRS budget request on Capitol Hill in Washington. Grassley and Sen. Angus King, an independent from Maine who caucuses with the Democrats, introduced legislation Wednesday, June 9 designed to spur faster payouts from donor-advised funds and foundations, giving new momentum to an effort that has deeply divided philanthropy. (Tom Williams/Pool via AP, File) (2020 CQ-Roll Call, Inc.)
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. ....

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Sens. Grassley and King Push Measure to Accelerate DAF and Foundation Giving


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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. ....

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