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Abstract: 

Section 1226 of the PPA directed the Treasury Department to undertake a study of DAFs and SOs to determine whether additional legislation might be required to correct problems posed by those organizations. On December 6, 2011 (four years after the due date prescribed in the PPA), the report was finally released. Surprisingly, Treasury was fairly sympathetic to these charities, and its response to the specific concerns raised by Congress was to find that there was no immediate need for additional restrictions. In short, the conclusion of this lengthy study was that the PPA had corrected a number of abuses by SOs and DAFs, and that those rules, plus the existing rules that applied to all tax-exempt charities, appear sufficient to prevent most improper actions. This article briefly analyzes the report’s major findings and conclusions.

Keywords:  Supporting Organizations; Donor-Advised Funds; Pension Protection Act of 2006 (PPA)

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