As gift planners, how can we prepare our organizations – and our donors – for more aggressive enforcement initiatives?
There’s a growing drumbeat to “get the money into the hands of those who need it most” driven by a rising misperception that charitable gift vehicles are just another way for the rich to squirrel away money and retain power. At the same time, political pressure is mounting for increased enforcement by the IRS and Congress is pondering stringent new laws.
If Congress acts – and that’s a big “if” – will it be as benign as the PPA of 1995 has proven to be (even with disclosure of its requirements)? Or will it be wildly disruptive to the long-established paradigm that giving money to help others is a selfless act that should be protected and encouraged rather than stifled?
As gift planners, how can we prepare our organizations – and our donors – for more aggressive enforcement initiatives? What does the future hold for donor-advised funds and private foundations? What new challenges are right around the corner?