Angus King Archives - MinistryWatch
Political partisanship is a powerful dividing line, but a new survey shows widespread agreement on the need for changes in how quickly charitable foundations and Donor Advised Funds put donations to work.
Congressional representatives introduced companion legislation this week that would set timelines on when donations to donor-advised funds (DAF) would have to be distributed to working charities.
Senators Angus King and Chuck Grassley say too much donor money is parked, earning interest when it should be doing good. They introduced their Accelerating Charitable Efforts (ACE) Act, in June.
U.S. Senators Angus King (I-Maine) and Chuck Grassley (R-Iowa) have introduced legislation that would put donations in the hands of charities faster by reforming the rules surrounding donor-advised funds (DAFs).
