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New Requirements for Donor-Advised Funds
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.
- 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 2006-109 provides interim guidance on issues affecting supporting organizations and sponsoring organizations of donor advised funds.
- Responding to Congressional direction, Treasury Department reported the results of a study of donor-advised funds and supporting organizations in December 2011.
Page Last Reviewed or Updated: 22-Apr-2013