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Nonprofit Law Jargon Buster: Donor Advised Fund

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The Pension Protection Act of 2006 (“Act”) offered the first definition of a donor-advised fund. According to the Act, a fund must have three characteristics to be a donor-advised fund, and if any of the characteristics is missing, the fund is not a donor-advised fund.


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Published In: Business Organization Updates, Nonprofit Law Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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