Sec. 5202. Additional reporting requirements for donor advised fund sponsoring organizations
127 words·~1 min read·
/bill/115/hr/1/rh/section-5202·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 6033(k) is amended by striking and at the end of paragraph (2), by striking the period at the end of paragraph (3), and by adding at the end the following new paragraphs: indicate the average amount of grants made from such funds during such taxable year (expressed as a percentage of the value of assets held in such funds at the beginning of such taxable year), and indicate whether the organization has a policy with respect to donor advised funds (as so defined) for frequency and minimum level of distributions.
Such organization shall include with such return a copy of any policy described in paragraph (5). . The amendment made by this section shall apply for returns filed for taxable years beginning after December 31, 2017.