Donor-advised funds have been of debate within state and federal politics for many years, with various attempts to regulate donor-advised funds (DAFs) to increase their transparency, accountability, and spend down policy. A new attempt to change the policy around DAFs is currently being routed through the United States Senate. Under the proposed Accelerating Charitable Investments (ACE) Act, DAFs would either be allowed to be maintained for 15-years or 50-years. Presently, DAFs can be passed from generation to generation with no requirement that they are spent out over a period of time, or even that a percentage of funds be distributed—unlike the requirement for private foundations to distribute 5% annually.
Under this proposed Act, community foundations would be exempt from certain provisions which would allow them to continue funding their work in their service regions; however, the Community Foundation Public Awareness Initiative recently issued a statement mentioning “proposals to place restrictions on DAFs – including the latest legislation proposed by Sen. Angus King and Sen. Charles Grassley – are solutions in search of problems.”
Nonprofit organizations are always looking for ways to simplify their ask and make it easy for supporters to get involved and donate their time, talent, and treasure. Amazon has created a simple way for nonprofits to ask for specific in-kind donations through their wish lists. Organizations can compile products that they need to support their programming and services in one easy list. It is shareable, it is easy to add and delete products as needed, and it makes it possible for supporters anywhere in the world to get involved with your mission.
Here is a quick guide for getting your organization set up with a Wish List: