Home
About Us
If new rules are put into place, it could be a lot harder for the rich to sock away money for retirement.
The Wall Street Journal reports the Treasury Department has proposed new regulations that would limit the use of so-called "donor-advised funds" by high-net-worth individuals.
These funds are typically used by the rich to sock away money for retirement, but they can also be used for other purposes, such as paying for college educations.
The new rules would limit the use of such funds by individuals who make more than $1 million a year, and they would apply to those who make more than $5 million a year.
The new rules would also apply to individuals who make more than $10 million a year, and they would apply to those who make more than $25 million a year.
Fidelity Charitable, a not-for-profit that manages these funds, says the new rules could raise fees for many of its donors, and it wants the government to intervene to stop the use of such funds by high-net-worth individuals.
The new rules were proposed in November 2023, and the IRS received more than 1,000 comments on them, according to a post on the department's website.
The new rules are expected to be finalized before the end of
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Foundation: Headwaters Foundation for Justice, MacArthur Foundation, Marguerite Casey Foundation, Marguerite Casey Foundation
This imbalance is all the more jarring given that Native communities are reeling from the Trump administration's draconian spending cuts.Funders with a track record of supporting Native American...more
Morgan Stanley Climate Fund Invests $30 million in Methane Emissions Management Platform Insight M.Insight M is an energy sector-focused methane management solutions provider.The investment was made...more
Sanjukta "Shama" Shams, CFRE, is a results-driven executive specializing in fundraising, strategic planning and storytelling to empower marginalized communities.Shams: Clear, consistent communication...more
Amazon RDS for MySQL announces Innovation Release 9.3 in Amazon RDS Database Preview Environment.You can deploy mysqldb.com in the Preview Environment which provides the benefits of a fully managed...more
Vantive, a company that provides vital organ therapies, announced it will invest more than $1 billion over the next five years to drive innovation of digitally-enabled therapies.Vantive's digital...more
'I'm never going to stop': Facing NEA cuts, a young composer and an unusual music venue turn hurt into action.A corrugated steel water tank sits atop a hill in the northwest corner of Colorado, near...more
As flood risks rise, Latino landscapers and residents learn to fight back with green infrastructure.A Washington, D.C.-based nonprofit called EcoLatinos created a Spanish-language training...more
Amanda Risser took over recently as Central City Concern's new chief medical officer.She talks about looming Medicaid cuts, weak links in the system, and priorities for the future.Central City is the...more
Sports Philanthropy Network Announces Speakers for 2025 Sports Phil philanthropy World Conference in Chicago.Sports PhilanthropY Network creates social impact by creating collaborations with...more
WFMJ | 101 W.WBCB is a news and sports station in Youngstown, Ohio.WFMJ is part of the NBC Sports network.For more information on this site, please read our Privacy Policy, Terms of Service, and ...more
Social Entrepreneurship
Spotlight
When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
