Partner Alex Reid commented on the IRS proposal on donor-advised funds and why charities want them withdrawn and proposed again in an article for Bloomberg Law titled “Charities Ask for Rare Do-Over on IRS Donor-Advised Fund Rules.” Published May 9, 2024, the article explains how community foundation leaders are requesting changes that include narrowing the definitions of the funds and donor advisers, and altering the anti-abuse rule.
Read the article. (subscription required)