Donor-advised funds, which are akin to charitable investment accounts, arenāt now required to make any donations in any one year.
Itās hard to run an organization like that.āAdArnold proposes a more modest solution ā the Initiative to Accelerate Charitable Giving.
āItās really a solution in search of a problem.āIn the midst of last year's devastating pandemic recession, charitable giving rose modestly for the year.
āCharitable giving has been a silver lining through this crisis and, frankly, through throughout history,ā Westhoff said.
AdCollins, who is holding out hope for his plan to require increased payouts, argues that the tax system's favorable treatment of foundations and donor-advised funds may provide the strongest rationale.