Comment from Sedreddine & Whoriskey, LLP
Sedreddine & Whoriskey, LLPOpposeBusiness
Summary: Sedreddine & Whoriskey, LLP, a law firm representing 501(c)(3) public charities, opposes the proposed regulations because they overly expand the definition of Donor Advised Funds (DAFs). They argue the rules could unnecessarily capture fiscal sponsorships and other restricted funds, which would hinder charitable programming, and they request specific exceptions and a prospective applicability date.
On behalf of Sedreddine & Whoriskey, LLP, I respectfully submit the attached comments to the proposed regulations under Section 4966 of the Internal Revenue Code.