Wealth Managers and Charities Unite to Oppose Treasury Department Proposal on Donor-Advised Fund Fees
Sunday, 12 May 2024, 15:00
Wealth Managers and Charities Unite
In an unusual alliance, wealth managers and charities are standing together to oppose a Treasury Department proposal regarding donor-advised fund fees. This unexpected collaboration brings together stakeholders from different sectors to address a common concern.
Potential Impact on Payments
This opposition highlights the significance of protecting the existing fee structure associated with donor-advised funds. Proposed penalties could disrupt financial strategies and affect charitable organizations’ ability to collect donations effectively.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.