Donor Advised Funds and Proposed Disclosure Requirements in Minnesota

This presentation will give a history and overview of donor advised funds (DAF) and how they are currently regulated. The Minnesota Council of Nonprofits has proposed an amendment to Minnesota’s Supervision of Charitable Trusts and Trustees Act which would require charitable trusts transferring funds to DAFs to include in their annual trust filing with the office of the attorney general an itemized list of all grants and contributions made or approved for future payment during the year from that DAF.  The purpose behind this amendment would be to increase transparency and encourage compliance with restrictions on the funds even after transfer.

This CLE is approved for credit through June 17, 2023.

Panelists:
Marie Ellis | Public Policy Director | Minnesota Council of Non-Profits
Emmett Robertson | Attorney | Rubric Legal LLC

CLE Credits:
1.0 Standard CLE credits | Event Code: 375168

Cost:
MSBA Members:  $29.95
Non-MSBA Members:  $64.95

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