Charitable Giving, Donor Advised Funds and Supporting Organizations
Author | : Leonel Arrick |
Publisher | : Nova Science Publishers |
Total Pages | : 0 |
Release | : 2013-06-19 |
ISBN-10 | : 1624179908 |
ISBN-13 | : 9781624179907 |
Rating | : 4/5 (907 Downloads) |
Download or read book Charitable Giving, Donor Advised Funds and Supporting Organizations written by Leonel Arrick and published by Nova Science Publishers. This book was released on 2013-06-19 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Donor advised funds allow individuals to make a gift to a fund in a sponsoring organisation. Sponsoring organisations are charities that are allowed to receive tax-deductible donations. The gift is irrevocable, as in the case of a gift to a foundation or any other charity. The donor does not legally oversee the payment of grants to charities from the fund, which is determined by the sponsoring organisations. Donors make recommendations for grants (hence donor advised), and there is general agreement that these recommendations determine, with few exceptions, the contributions. This book provides select analysis on charitable giving, donor advised funds and supporting organisations, with a focus on minimum distribution requirements and imposing tighter restrictions.