President Biden has proposed in his fiscal year 2023 budget to clamp down on the ability of private foundations to…
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Private Foundation Alternatives
Sweeping Changes Proposed for Donor Advised Fund Rules
The Accelerating Charitable Efforts Act (ACE Act), introduced by Senators Grassley and King, aims to restructure the laws governing donor…
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Now is the Time to Weigh In on DAF Issues!
We’ve posted previously about some potential changes or clarifications in the donor advised fund (“DAF”) landscape around private benefit and…
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Public Support Changes Likely on the Horizon for DAFs
As noted in our last blog post, the IRS has issued Notice 2017-73, which discusses the future issuance of proposed…
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Checking Its List: IRS Guidance on Donor Advised Funds is (Finally) Coming
It certainly has been busy lately in the tax world, with the passage of the tax bill, and we will…
READ MORE Donor-Advised Fund Drama Unfolding
While donor-advised funds (“DAFs”) have been a subject of scrutiny for more than 10 years now, no substantial legal changes…
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More Clarification from IRS on Type III Supporting Organizations
The IRS recently issued new proposed regulations regarding supporting organizations that provide additional clarity, particularly for Type IIIs. This has been…
READ MORE IRS Issues Final Regulations on Payout Amount for Certain Supporting Organizations
The IRS has issued final regulations addressing payout amounts for Type III non-functionally integrated supporting organizations. These regulations close the loop…
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Supporting Organizations Face More Reporting on 2014 Form 990
This year, as supporting organizations gear up for the May 15 Form 990 filing due date, they may need to…
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Legal Developments Affecting Charitable Organizations and 990 Reporting
Becky Seidel presented on legal developments affecting charitable organizations and Form 990 reporting at the 2013 Rocky Mountain Area Conference…
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