New Requirements for Donor-Advised Funds |
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Donor-advised funds are subject to new requirements under the Pension Protection Act of 2006. The IRS has issued guidance and new procedures implementing the legislation.
- New excise taxes may apply to sponsoring organizations and managers of donor-advised funds.
- Notice 2006-109 provides interim guidance on issues affecting supporting organizations and sponsoring organizations of donor advised funds.
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Donors are provided guidance on how to determine whether a grantee that is a donor-advised fund is a public charity under section 509(a)(1), (2), or (3), in IRS Business Master File information.
- Notice 2007-21 requested public comments on issues to be included in a study of donor advised funds and supporting organizations; comments were due by April 9, 2007.
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Page Last Reviewed or Updated: January 08, 2009