Donor advised fund legislation introduced in the House, mirrors Senate bill (ACE Act)
A bill introduced in the House proposes major changes to donor advised funds
A bill introduced in the House proposes major changes to donor advised funds
A bill introduced February 3, 2022, in the U.S. House of Representatives proposes major changes to the rules governing “donor advised funds.”
The bill would also alter the rules for private foundations. Read text [PDF 76 KB] of the House bill.
The House bill—"Accelerating Charitable Efforts (ACE) Act”—is essentially identical to a bill introduced in the Senate in June 2021. Read TaxNewsFlash for a summary of the proposed changes in the Senate bill.
For more information, contact a tax professional with KPMG’s Washington National Tax practice:
Ruth Madrigal | +1 202 533 8817 | ruthmadrigal@kpmg.com
Preston Quesenberry | +1 202 533 3985 | pquesenberry@kpmg.com
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