Re:Tech Billionaires Hack Their Taxes with a Philanthropic L...
by astura on Sunday August 05, 2018 @03:30PM
(#17693026)
I 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.
> 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.