Grantmaking and Gift Planning
Nonprofit Law Jargon Buster – Donor Advised Fund
The Pension Protection Act of 2006 (“Act”) offered the first definition of a donor-advised fund. According to the Act, a fund must have the following three characteristics to be a donor-advised fund, and if any of these characteristics is missing, the fund is not a donor-advised fund.
January 2, 2011
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