Donors Lack Standing to Challenge Action of DAF Sponsor Unless DAF Made a Specific Promise In Philip Pinkert v. Schwab Charitable Fund, Case No. 20-cv-076657-LB (N.D., Cal.), the court dismissed the lawsuit of a donor to a donor advised fund (“DAF”) for lack of standing.  In Pinkert, the donor made contributions to Schwab Charitable Fund […]

Both Donald Trump and Hillary Clinton say they are protecting the charitable deduction in their tax plans. Hillary Clinton initially proposed limiting the charitable deduction to the 28% tax rate even if the donor was in a higher bracket, but at the AFP Conference in March, she backed away from this proposal. Donald Trump excludes […]