4 ms·
The same way the IRS audits donations and non-profits in general? How is this any different from a person directly donating $X dollars other than the ability t
by woolvalley 8y ago
The same way the IRS audits donations and non-profits in general?
How is this any different from a person directly donating $X dollars other than the ability to sit and wait and think about it? Do I get to see what a private citizen donates to directly unless that organization that receives the money discloses who donated how much?
- petilon 8y ago> How is this any different from a person directly donating $X dollars You have to disclose the recipient of the donation to IRS. That's the difference. These "Donor Advised Funds" apparently don't have to report disbursements.
- deleted 8y ago[deleted]
- astura 8y agoI don't think that's the case. > And because organizations that manage D.A.F.s are not required to report which funds give money to which causes, it is impossible to know how much money individual donors are giving away to nonprofit organizations. That doesn't mean the donor advised fund isn't required to report the givings the fund makes, it means it isn't required to report who gave to whom. I would be shocked if the DAF managers aren't required to report spending/giving, because they are also 501c3 themselves.