avoiding misuse of donor advised strongfundsstrong.pdf

Cleveland State University EngagedScholarship@CSU Cleveland State Law R eview Law Journals 2010 Avoiding Misuse of Donor Advised Funds Michael J. Hussey Widener University Follow this and additional works at : /clevstlrev Part of the Tax ation-Federal Income Commons, and the Tax Law Commons Recommended Citation Michael J. Hussey, Avoiding M isuse of Donor Advised Funds, 58 Clev. St. L. Rev. 59 (2010) available at /clevstlrev/vol58/iss1/4 This Article is brought to you for free and open access y the Law Journals at EngagedScholarship@CSU. It has been accepted for inclusion in Cleveland State Law R eview y an authorized administrator of EngagedScholarship@CSU. For more information, please contact library.es@. AVOIDING MISUSE OF DONOR ADVISED FUNDS MICHAEL J. HUSSEY∗ I. INTRODUCTION 60 II. DONOR ADVISED FUNDS 62 A. Exponential Growth of Donor Advised Funds 62 B. Pension Protection Act of 2006 64 1. Defining Donor Advised Funds 64 2. Imposing New Excise Taxes 68 3. Treasury Study and Notice 2007-21 70 C. Why Use a Donor Advised Fund? 72 D. The Problem 73 III. OTHER CHARITABLE GIVING VEHICLES 76 A. Outright Gifts 76