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Will Donor Advised Funds be Limited in Future?

| Jun 24, 2015 | Firm News |

In late February 2014, Representative Dave Camp (R-Mich.) proposed tax reform legislation including a requirement that all donations to a Donor Advised Fund be paid out within five years of their contribution, or 20 percent a year. There are also efforts to cap all deductions.  Rep. Paul RYan, Chair of House Ways and Means says this is a starting point.  Read more about DAF reforms here.