The ACE Act and you

Just an update on the legislation proposed last summer by Senators Chuck Grassley (R-IA) and Angus King (I-ME) which would change some of the laws around Donor Advised Funds and Private Foundations. Last September, the bill was read twice and referred to the Senate’s finance committee. No further actions have been taken at this time, but we have enquired of Senator Schumer as to its status in the 117th Congress.

Independent Sector has convened three hearings on the ACE Act. Here are their notes.

We will continue to keep you abreast of any changes.