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.”
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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.