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Discussion Forum Index --> Tax Questions --> Charitable Contribution Question
Wmocpa (talk|edits) said:
| 23 November 2005
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| I wonder if anyone has had any experience with this scenario. A person made charitable contribution to donor advised fund and the fund will be given to a public charity. This fund will count for 60% of this public charity's contribution revenue. Will this fund considered to be from public support or individual? Thanks.
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Jancpa (talk|edits) said:
| 30 November 2005
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| Despite the intervening fund transfer, the substance of the transaction is that the individual made a contribution to the public charity. Individual contributions ARE public support (direct, in this case) as regards Form 990, so I'm not sure what the confusion is. For whom are we defining it?
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Pjs (talk|edits) said:
| 2 December 2005
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| I would strongly urge the donor to be sure that the "donor advised fund" is a 501c3 organization; check the IRS publication of 501c3 orgs at the IRS web site.
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Riley2 (talk|edits) said:
| 13 January 2006
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| I believe that as long as the Donor Advised Fund itself is a 501(c)(3) organization which is not a private foundation, the DAF will not be considered under current regulations as a “substantial contributor” – even though the donations from the DAF constitute 60% of the charity’s support. Thus, the public support test does not appear to be in jeopardy here.
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