SOLD OUT! Shedding Light on DAFs: Pros & Cons of New Legislation
calendar_today Thursday, August 29, 2019
access_time 10:00 am - 11:30 am PT
World Affairs Center
312 Sutter Street
San Francisco, CA 94108
The in-person program is now sold out, but you can still register to view the livestream.
The California Association of Nonprofits recently helped introduce California bill AB 1712, which would mandate greater transparency around donor advised funds (DAFs) through annual reporting requirements, promoting best practices, and requiring minimum annual distributions. Opponents, however, say it violates the privacy of the individual fund donors, as well as fund advisors who make grant recommendations.
Come join us and co-sponsor, Northern California Grantmakers, for an in-depth discussion of the pros and cons of this bill between interested parties, including Cal Nonprofits, Fidelity Charitable and the League of California Community Foundations. It’s an issue of critical concern to the social sector. Contributions to DAFs rose 16.5% from 2016 to 2017, and grants from donor-advised funds to qualified charities increased nearly 20% during the same period.
- All levels of experience