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Distributions from a Donor Advised Fund to a Private Foundation

Casey Hale (February 16, 2021)

There is a widely held but misguided belief that the law prohibits a donor advised fund (“DAF”) from making a distribution to a private foundation. While the Pension Protection Act of 2006 imposed a myriad of restrictions on DAFs, it did not completely proscribe distributions from a DAF to a private foundation so long as the DAF sponsoring organization undertakes certain expenditure responsibility measures. Moreover, a DAF may make distributions to a private

foundation even when a donor or donor advisor to the DAF is also a disqualified person with regard to the recipient private foundation.

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Succeeding in Succession: Grooming a Successor

Derek Early (April 22, 2020) 

Identifying potential successors to take over a business is often a

monumental task. But the succession planning process should not end

once potential successors have been identified. Developing potential

successors so that they are capable of taking over once the owner is gone is a crucial next step.

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