Under Current law, public charities (including community foundations) are permitted to establish accounts to which donors may contribute and provide advice or recommendations with regard to distributions from the fund or the investment of assets in the fund. Such accounts are commonly referred to as “donor advised funds.” Donor advised funds are powerful tools – both for average people who want to make lasting commitments to their communities, as well as those with significant financial resources who are looking for an alternative to a private foundation.
Consistent with the Forum’s mission to enhance and expand philanthropy, the Forum supports public policy that encourages charitable giving. The Forum supports the role that tax policy plays in encouraging and structuring gifts that support nonprofit organizations and communities. The Forum opposes requiring distribution of donor advised funds within a certain time period and supports expansion of the IRA charitable rollover by allowing gifts to donor advised funds.
- Independent Sector Report on the Value of Donor Advised Funds
- Council on Foundation’s Resources on Donor Advised Funds- includes studies and research, latest news, tools for talking about Donor Advised Funds in your community, issue papers and more
- Alliance for Charitable Reform Webinar: The Increased Popularity and Scrutiny of Donor Advised Funds
- National Philanthropic Trust 2016 Analysis of Donor Advised Funds
- Southeastern Council of Foundations Policy Agenda- includes a recommendation in support of expanding the IRA Charitable Rollover
- Philanthropy Ohio’s Ohio Gives Report- This six-page report dives into data around individual giving, corporate foundations, private foundations, community foundations, United Ways and public charity grantmakers.