Donor-Advised Funds
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Legal Matters for Community Foundations - Virtual - June 2022
SOLD OUT!
Led by the Council on Foundations Legal Team, this workshop is flexibly organized to ensure that your broad legal questions for administering funds, grants, and community foundation activities are addressed. The legal team will provide technical and practical understanding of…
Summary of Accelerating Charitable Efforts Act ("ACE Act")
The ACE Act, sponsored by Sen. Angus King (I-ME) and Sen. Chuck Grassley (R-IA), would modify existing rules relating to donor-advised funds (“DAFs”), make certain changes to the rules for the excise tax on undistributed income of private foundations, and exempt certain private foundations from the…
2020 CFUnited Conference: Power of Place - CANCELLED
The CFUnited 2020 Conference is cancelled due to the COVID-19 outbreak. For more information, please see the official conference statement.
Learn More
In January 2019, The Council on Foundations joined AdNet, Comma and ProNet as the fourth partner under the CFUnited umbrella to bring…
Sample Fund Activity Policy
Sample Document
This sample fund activity policy provides language that you can either use in a stand-alone policy or incorporate into an existing donor-advised fund agreement or policy.
Sample Donor-Advised Fund Policies
Sample Document
Editable donor-advised fund policies including grant restrictions, grant recommendations, fund advisors, and more.
This sample document is being provided for informational purposes and is not to be shared without the permission of the Council on Foundations. Use of the sample document does…
Sample Donor-Advised Fund Agreement
Sample Document
Editable agreement for donor-advised funds.
This sample document is being provided for informational purposes and is not to be shared without the permission of the Council on Foundations. Use of the sample document does not create an attorney-client relationship, and the information…
Recording
The administrative costs of operating a private foundation often prove too burdensome and can easily swamp the grantmaking activity of private foundations, especially the smaller ones. As such, a foundation may decide to transfer its assets to a Sponsoring Organization to take advantage of the…
For foundations that offer charitable remainder annuity trusts (CRATs), a new revenue procedure (Rev. Proc. 2016-42) offers a sample provision that may be included in the governing instrument of the trust (CRAT) and provides that the IRS will treat the sample provision as a qualified contingency…
In collaboration with Iowa Council of Foundations, this webinar explored the tricky business of donor control. In an area of donor engagement, close relationships, and advising on charitable expectations, working with donors can be tricky when it comes to control over the funds. The fact…
From the moment the Council on Foundations was established in 1949, we have stood up to attacks on philanthropy and charitable giving. Most of these have been fueled by a common culprit — misinformation.
That is why the Council is a constant presence on the Hill, travels across the country speaking…
Last week, The Washington Post published an article grossly mischaracterizing the value and importance of DAFs as a philanthropic tool. The Council immediately responded by penning a letter to the editor (see below) outlining how DAFs encourage charitable giving and enable community foundations to…
Pennsylvania Philanthropy Conference Sessions
Monday, April 25, 2016
Community Foundation Day
8:00 a.m. - 9:00 a.m. – Breakfast & Registration
9:30 a.m. - 10:45 a.m. – Opening Plenary: Benefits (and Pitfalls) of State Tax Credits for Community Foundations
Community foundations in several…
Fundamentals
Operating endowments can provide stability and long-term sustainability for community foundations. They can also provide resources that enable foundation leaders to play a stronger leadership role in the community and direct resources to the most pressing issues. Developing and executing an…
Legal Compliance Guidance
Donor-advised funds are specifically defined in Section 4966(d)(2) of the Internal Revenue Code as a “fund or account
which is separately identified by reference to contributions of a donor or donors,
which is owned and controlled by a sponsoring organization, and
with respect to which a donor…
The Orcas Island Community Foundation (OICF) is a small but mighty foundation. In 2011, with assets of $4 million spread across 70+ funds, we had outgrown our ‘off the shelf’ bookkeeping software, spending over half of our precious staff time on accounting. We struggled with finding right sized…
Spring Break Road Trip with my brother and sister almost 20 years ago
With Spring Break behind us, making plans for the end of the school year and summer is in full effect... and we want YOU to know about YOUTH PHILANTRHOPY ON THE ROAD! This summer and fall, we are mixing the best parts of…