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"Generally, a DAF and its disqualified persons together may own no more than 20% of the voting stock, profits interest, capital interest, or beneficial interest
by bklyn11201 8y ago
"Generally, a DAF and its disqualified persons together may own no more than 20% of the voting stock, profits interest, capital interest, or beneficial interest in a business enterprise."
http://www.nonprofitlawblog.com/donor-advised-funds/ http://www.nonprofitlawblog.com/donor-advised-funds/
- Digory 8y agoInteresting. It appears there are two big loopholes to the 20% limit: a general five-year exception that allows DAFs to wind out of large donations, and a new exception where the DAF acquires 100% of the voting interest.[0] [1]https://clarknuber.com/articles/private-foundations-receive-excess-business-holdings-relief-bipartisan-budget-act/ https://clarknuber.com/articles/private-foundations-receive-...