Donor-Advised Fund Flowchart
This handy flowchart can help you determine which funds should be classified as donor-advised under the Pension Protection Act of 2006. Remember, a fund is only a donor-advised fund if:
- A donor or person appointed or designated by the donor has, or reasonably expects to have, advisory privileges with respect to distributions or investments;
- The fund is separately identified by reference to contributions of donor(s); and
- The fund does not fall within an exception established by the Act.