Comment from Rose Community Foundation
Rose Community FoundationOpposeAdvocacy
Summary: The Rose Community Foundation opposes the proposed regulations because they would reclassify various fund types (such as fiscal sponsorships and field of interest funds) as donor-advised funds, making their administration impractical and hindering charitable activities. They request that the definitions be narrowed to exclude these fund types and argue against the retroactive effective date of the regulations.
Rose Community Foundation in Denver, Colorado appreciates the opportunity to share the attached comments and respectfully requests a public hearing be scheduled on the proposed regulations.