Brian and I may never convince each other of the merits of our respective views about donor advised funds, but I continue to learn a lot from the exchange. Read his latest post before reading this . . . .
Both Have Something Someone Doesn’t Want You to Know
Payout rates are a key battleground in the policy debate over donor advised funds. Recall again that…
This weekend the NY Times ran a long story on donor advised funds (“DAFs,” which most people pronounce like the first syllable of Daffy Duck). Since the reporting relied in great measure on quotes and background…
The New York Times has published a very negative article on donor advised funds (DAFs) in today’s business section. The headline characterizes DAFs as a “philanthropic loophole” that “tech billionaires” use to “hack their taxes.” The article goes on to…
If you get all your foundation news from the Washington Post, odds are that you think private foundations are something of a disaster. And hey, don’t let me convince you otherwise: the U.S. policy of giving large tax subsidies for indefinite parking of assets is…
Newman’s Own Foundation is facing a massive tax bill at the end of this decade if it doesn’t sell off shares of its salad dressing, sauce, and snack empire and can’t convince Congress to change section 4943. Bills pending in the House and Senate would save Newman’s Own…
Ever since Paul Newman rode off to face the great Bolivian army in the sky, his heirs have been cooking up a legislative scheme to repeal a long-standing and important tax provision. The rule in question is…