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Donor Advised Funds Update: Current Developments Including the ACE Act

Content Provider
American Law Institute CLE
Product
CLE
Run Time
79 Minutes
Recording Date
11/19/2021
Presenter(s)
Carrie Garber Siegrist, Andrew Grumet, Shirley McLaughlin
Learning Method
On-Demand Training
Practice Area
Government and Non-Profit Organizations
Persona
CLE OnDemand

Price $259.00

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Description

This program will develop your understanding of DAF rules and summarize the proposed provisions in the ACE Act. After attending this webcast, taught by seasoned practitioners, participants will be able to: • Understand the federal tax rules applicable to a tax-exempt organization operating a donor advised fund • Apply the federal tax rules to a proposed DAF program in an existing tax-exempt organization • Understand the basic benefits and drawbacks of DAFs for donors depending on their philanthropic priorities • Understand the competing viewpoints with respect to whether or not and to what extent DAFs should be regulated • Analyze proposed legislation (i.e., the ACE Act) relevant to DAFs

Literature

State Status Total Credits Type Of Credit Approved Thru
AlaskaApproved1.50GeneralOn-going
ArizonaApproved1.25GeneralOn-going
ArkansasApproved1.25GeneralOn-going
CaliforniaApproved1.25Participatory11/18/2026
ColoradoApproved2.00General12/31/2024
ConnecticutApproved1.50SkillsOn-going
GeorgiaApproved1.00General12/31/2024
HawaiiApproved1.25GeneralOn-going
IdahoApproved1.25General11/18/2026
MissouriApproved1.60GeneralOn-going
MontanaApproved1.25General11/18/2024
NevadaApproved1.00General12/31/2024
New HampshireApproved1.30General11/18/2024
New JerseyApproved1.50GeneralOn-going
New MexicoApproved1.30General11/18/2026
New YorkApproved1.50SkillsOn-going
North CarolinaApproved0.00
North DakotaPending State Response0.00
OregonApproved1.25General11/18/2024
VermontApproved1.25GeneralOn-going
WashingtonApproved1.25General11/18/2026
West VirginiaApproved1.58GeneralOn-going
WisconsinApproved1.50GeneralOn-going

Speakers