VC (Jane Greenfield)

Summary: Vanguard Charitable, a tax-exempt public charity, opposes the proposal to regulate Donor Advised Funds (DAFs) like private foundations. They argue that DAFs are public charities where donors cede legal control, and they specifically oppose rules regarding "bifurcation" of contributions, "don't ask, don't tell" rules for pledges, and treating DAF grants less favorably for a grantee's public support status.