National News
Critics take aim at charitable money sitting in donor funds
Wealthy philanthropists have long enjoyed an advantageous way to give to charity: Using something called a donor-advised fund, they ve been able to enjoy tax deductions and investment gains on their donations long before they give the money away.
by Associated Press
Jul. 20 2021 @ 5:52pm
In this May 12, 2021 file photo, Sen. Chuck Grassley, R-Iowa, speaks during a hearing to examine President Joe Biden s 2021 trade policy agenda. A Senate bill that seeks to speed up philanthropic donations to charities appears to be gaining bipartisan support in Congress, taking aim at a popular charitable vehicle called donor-advised funds. DAFs allow donors to enjoy immediate tax deductions while investing their contributions tax-free. The bill, introduced by Sens. Grassley and Angus King, a Maine Independent, would make numerous reforms to DAFs by creating new categories of accounts, among other changes. (Pete Marovich/
Measure aims to speed donations to charities
arkansasonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arkansasonline.com Daily Mail and Mail on Sunday newspapers.
Critics, including Sen King, take aim at charitable money just sitting in donor funds
pressherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pressherald.com Daily Mail and Mail on Sunday newspapers.