RHCC (Reynolds T. Cafferata)

Summary: Rodriguez, Horii, Choi & Cafferata LLP, a law firm representing community foundations and public charities, supports the proposed guidance regarding donor advised funds (DAFs) and enforceable pledges. However, they argue that the IRS should eliminate the requirement that DAF sponsors must not refer to a donor's pledge agreement, as it creates practical burdens and does not change the incidental nature of the benefit.