May 2019 Charity & NFP Law Update
The topic of donor advised funds (“DAFs”) has generated a considerable amount of attention in the past few years, receiving both praise as well as criticism. While some of this criticism may warrant further review and consideration, many of the concerns regarding DAFs, particularly here in Canada, are either unfounded or exaggerated.
The following paper was presented at the 2019 CBA Charity Law Symposium in Toronto on May 6, 2019, and addresses the history, development and current extent of DAFs; identifies the various parties involved in DAFs today; reviews and examine the key legal aspects of establishing and functionally operating DAFs; provides an overview of the current issues associated with these funds; as well as equips the reader with some practical advice when advising clients, whether charity recipients or donors, on the establishment of DAFs and their ongoing operation.
For the balance of the paper, click here.