Catholic Law Professor Roger Colinvaux has joined a coalition of wealthy individual donors, private foundations, and prominent scholars on charitable giving in order to urge Congress to adopt a set of tax proposals intended to speed up distributions from donor-advised funds and private foundations. The coalition, called the Initiative to Accelerate Charitable Giving, would create new rules for donor-advised funds to accelerate their payout to benefit working charities and reduce or eliminate the excise tax that foundations normally pay if they speed up distribution of their assets to charities, among other proposals.
To read more about Professor Roger Colinvaux and the proposal, click here.