Comment from The American College of Trust and Estate Counsel (ACTEC)
The American College of Trust and Estate Counsel (ACTEC)SupportAdvocacy
Summary: The American College of Trust and Estate Counsel (ACTEC) submitted comments regarding proposed regulations on excise taxes for donor-advised funds (DAFs). While they generally support the regulations' goal of encouraging philanthropy, they recommend several specific modifications to clarify definitions of "distributions," "separately identified" funds, and "advisory privileges" to ensure consistency with existing tax laws and to prevent unintended administrative burdens or penalties on charitable organizations.
The American College of Trust and Estate Counsel ( ACTEC) is please to submit comments.