Legislative Action Needed

Senators King (I-ME) and Grassley (R-IA) have introduced the “Accelerating Charitable Efforts Act,” a bill that would sharply undermine donor-advised funds (DAFs) and private foundations. This legislation is largely based on the Arnold-Madoff proposal that we have discussed with you. Please find information about DAFs here and a summary of the legislation here. We are bringing our concerns to Congress, particularly to those members who sit on the Senate Finance and House Ways and Means Committees and to Congressional leadership. Part of our advocacy will include distribution of this sign-on letter opposing the bill. If your organization is concerned about the King-Grassley bill, either as an owner of DAFs or as a recipient of grants from DAFs, please use this link DAF Congressional Letter Sign-Up Form to register your opposition to the bill by July 2. We also encourage you to pass on this information to your local partners in the Jewish community and beyond asking for them to sign on to the letter. Please share with your Jewish partners like nursing homes, JCCs, synagogues and day schools and also pass along this message to your non-Jewish partners who may be owners of DAFs (community foundation or local United Way) or are recipients of DAF funds including human service organizations, YMCAs, camps, and schools. Best wishes, Elana Broitman Senior Vice President, Public Affairs The Jewish Federations of North America