I was on Nonprofit Radio last Friday, October 19, talking with host Tony Martignetti about donor-advised funds. A donor-advised fund or DAF is a charitable fund housed within a public charity that allows a donor to make a gift, take an immediate charitable deduction, and recommend, typically with strong persuasive authority, future grants made from the fund. You can read more […]
donor-advised funds
Donor-Advised Fund Regulations Step One: Request for Comments
On December 4, 2017, the Internal Revenue Service and U.S. Treasury Department released Notice 2017-73 (Request for Comments on Application of Excise Taxes With Respect to Donor Advised Funds in Certain Situations), seeking comments to help them develop donor-advised fund regulations in three specific areas. Written comments must be submitted by March 5, 2018 and may […]
Donor-Advised Funds: What You Should Know
Introduction A donor-advised fund (“DAF”) is a charitable vehicle housed within a 501(c)(3) public charity that allows a donor to make a gift, take an immediate charitable deduction, and recommend, typically with strong persuasive authority, future grants made from funds in the DAF. Unlike private foundations that require a minimum annual distribution, a DAF has […]
NEO Law Group’s Video on Tips for Starting a Nonprofit – Alternatives to Forming a Nonprofit
Today, NEO Law Group released a new 3 minute video in its series of videos on tips for nonprofits, available on YouTube. While incorporating a nonprofit and applying for tax exemption may be the right choice in some instances, there may often be a better way to achieve your charitable goals. This video focuses on some possible alternatives to formation, including partnering with an existing […]