New Proposed Regulations Defining Donor Advised Fund Terms
Welcome to EO Radio Show - Your Nonprofit Legal Resource. Episode 63 explores new proposed regulations important to the administration of Donor Advised Funds (DAFs).
The Internal Revenue Service and the Treasury Department published a Notice of proposed rulemaking on November 13, 2023, which was officially published in the Federal Register on November 14, 2023. The Proposed Regulations provide guidance to sponsoring organizations, which include community foundations and many other types of charities that maintain one or more DAFs. The Proposed Regulations are also important for persons involved with DAFs, including the donors, the donor advisors, related persons, and certain fund managers.
In the previous EO Radio Show, episode 62, I introduced the basic rules that apply to sponsoring organizations and DAFs and a brief summary of the highlights in the Proposed Regulations. This episode looks closely at the defined terms in Proposed Regulations sections 53.4966-1 and -3 and includes a brief summary of the highlights in the Proposed Regulations.
In upcoming episodes, we’ll discuss the exceptions to the definition of a DAF, and the penalties that can apply if a DAF makes taxable distributions.
EO Radio Show EP 62: An Introduction to DAFs and Overview of the Newly Proposed DAF Regulations
EO Radio Show EP 61: In the Weeds With New Supporting Organization Regulations
EO Radio Show EP 23: Nonprofit Basics: Supporting Organizations - Part 1
DISCLAIMER: This podcast is for general informational purposes only. It is not intended to be, nor should it be interpreted as, legal advice or opinion.