The Catholic University of America

CUA Law Professor Roger Colinvaux's op-ed "Congress Needs to Send a Message That Advised Funds Are About Giving, Not Saving" was published by The Chronicle of Philanthropy. See below. 
 

Congress Needs to Send a Message That Advised Funds Are About Giving, Not Saving

Date: December 29, 2015

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The goodwill spirit of the holidays prompts many Americans to give big at year’s end, especially in this last week of December. As we make our final decisions for 2015, many of us will consider whether to join the growing ranks of donors and establish or add to a donor-advised fund at Fidelity, Schwab, Vanguard, or other similar charitable gift fund. 

Clearly, these funds are a great deal for donors.

Donors get the emotional satisfaction of setting aside funds for charity, as well as a full tax deduction. Yet donors do not have to distribute any money from the accounts until they are ready to decide on a worthy charity, a privilege that can extend across multiple generations. Donors can even unload complex assets, like interests in closely held businesses, into their funds to escape capital-gains taxes.

With such great benefits, it is no wonder the charities affiliated with Fidelity, Schwab, and Vanguard are growing so fast they are now in The Chronicle’s top 10 rankings of charities that raise the most in the United States, alongside charity stalwarts like United Way Worldwide and the Salvation Army.
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Click here to read the full op-ed.

 

 

Roger Colinvaux  

Professor Roger Colinvaux's
Areas of Expertise

Tax-Exempt Organizations

Charitable Deduction

Political Activities of Nonprofits

For additional information about our professors' areas of speciality, see Professor Colinvaux's faculty page.