WASHINGTON, DC – The Initiative to Accelerate Charitable Giving issued the following statement on donor-advised fund recommendations released by the Council on Foundations’ Strengthening Community Philanthropy Ad Hoc Working Group:
“These principles reflect widespread recognition across the philanthropic community that the status quo is not acceptable. With more than $1 trillion sitting on the sidelines, it’s time to put charitable giving back at the center of our charitable giving laws. We welcome this additional momentum to the reform conversation.”
About the Initiative to Accelerate Charitable Giving
The Initiative to Accelerate Charitable Giving (IACG) is a broad coalition of philanthropists, leaders of major foundations, non-profits and others who represent a broad spectrum of interests across philanthropy. IACG is dedicated to promoting common-sense, non-partisan federal policy reforms that close tax loopholes and re-establish charities as the center of charitable giving laws. For more information, visit www.acceleratecharitablegiving.org.