The Chronicle of Philanthropy: Legislation Intended to Speed Up Giving Gets a Boost in Congress
The Chronicle of Philanthropy reported on the House introduction of the ACE Act by Representatives Chellie Pingree (D-ME) and Tom Reed (R-NY), among others. Read below for excerpts from the Chronicle of Philanthropy’s story: “A bipartisan set of tax proposals intended to speed up distributions …
John Arnold and Ray Madoff Author Op-Ed on the Need for Congress to Put Charitable Giving Back on the Calendar
On Giving Tuesday, Philanthropist and Arnold Ventures co-founder John Arnold and Boston College Law School professor Ray Madoff, founding members of the Initiative to Accelerate Charitable Giving, penned an op-ed in the Chronicle of Philanthropy about the need for reforms to America’s charitable tax laws …
DAF-to-DAF Transfers Totaled $1 Billion in 2019, According to Recent Analysis
According to the Chronicle of Philanthropy, a recent analysis found that in 2019, at least $1 billion has been shuttled from one commercial donor-advised fund (DAF) to another commercial DAF – not to working charities. At the same time, these DAF-to-DAF transfers inflate the payout …
Melanie Lundquist Calls for Speeding the Flow of Donations to America’s Nonprofits in Chronicle of Philanthropy Op-Ed
Activist Philanthropist and IACG member Melanie Lundquist recently penned an op-ed in the Chronicle of Philanthropy in support of charitable giving reform that would ensure donations made to a family foundation or donor-advised funds get to working charities in a timely manner. Read excerpts from …
Chronicle of Philanthropy: New Study Shows That Majority of Donor-Advised Funds Are Sending Little or No Money to Charity Every Year
The Chronicle of Philanthropy reported on the eye-opening results from one of the first studies to look at donor-advised funds (DAFs) from a micro-level. The study, commissioned by the Council of Michigan Foundations, analyzed DAFs at Michigan community foundations on the account-level and found that …
Sens. Grassley and King Push Measure to Accelerate DAF and Foundation Giving
Two key U.S. senators introduced legislation Wednesday designed to spur faster payouts from donor-advised funds and foundations, giving new momentum to an effort that has deeply divided philanthropy. Sen. Chuck Grassley, Republican of Iowa, a former chairman of the Finance Committee who still sits on …
Craig Kennedy and William Schambra on Why Conservatives Should Applaud Efforts to Change Philanthropic Giving Rules
Craig Kennedy, the former president of the Joyce Foundation and the German Marshall Fund, and William Schambra, a senior fellow at the Hudson Institute who previously held positions at the American Enterprise Institute and the Lynde and Harry Bradley Foundation, recently wrote an op-ed in …
Powerhouse Coalition of Wealthy Donors and Big Foundations Urges Congress to Spur More Giving
A powerhouse coalition of wealthy individual donors, some of the nation’s largest private foundations, and prominent scholars on charitable giving Tuesday joined forces to urge Congress to adopt a set of tax proposals intended to speed up distributions from foundations and donor-advised funds. The new …