Interesting. 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

Interesting. 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-...