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Advocacy Blog
Friday, November 18, 2005
Donor Advised Fund and Supporting Orgs Provisions Modified
At 12:30 a.m. this morning, the Senate passed the Tax Relief
Act of 2005 (S. 2020) by a vote of 64-33. The final bill contained a
number of charitable reform provisions, including provisions affecting
donor-advised funds and supporting organizations. Before
final passage, Senators approved a Manager’s
Amendment offered by Chairman Charles Grassley (R-IA) that
made changes to the donor-advised fund and supporting organization
provisions.Although
the final bill language has not been released, the Council on Foundation's staff has done
an initial analysis based on the content included in the bill reported
out of the Senate Finance Committee on Tuesday and the
Manager’s Amendment approved last night.Read
the Council’s Initial Analysis of S. 2020
Posted by Jennifer Lowe
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