JFNA (Steven Woolf)

Summary: The Jewish Federation of North America (JFNA) supports the proposed regulations regarding donor-advised funds (DAFs), specifically regarding the treatment of charitable pledges and the distinction between DAFs and private foundations. They argue that the "Section 170 standard" should be the primary basis for determining "more than incidental benefits" and advocate for a clear legal conclusion that satisfying a pledge via a DAF does not constitute a prohibited benefit.