On April 25, 2022, Catholic Law Professor Roger Colinvaux was quoted in an article Law360 in regard to the Biden administration's proposal to limit private foundations' use of donor-advised funds to meet their yearly charitable payout requirements.
Law360 - Tax Authority
Date: April 25, 2022
By: David van den Berg
Advocates Worry Donor Fund Proposal Could Chill Legit Use
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“Roger Colinvaux of the Catholic University of America's Columbus School of Law said the purpose of the private foundation payout requirement is to ensure the public gets some minimum annual benefit from foundations.
‘Payout to a DAF does not provide a public benefit, and so should not count toward a foundation's payout unless the funds are quickly released from the DAF,’ he said.”
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To read the full article, click here.