IRS Updates Rules for Donors and Grantmakers | Planned Giving Design Center

IRS Updates Rules for Donors and Grantmakers | Planned Giving Design Center: Recently updated Revenue Procedures address the ability of donors to rely on the listing of an organization in Publication 78, Cumulative List of Organizations for purposes of deducting contributions and for making grants from private foundations and donor advised funds. In this article, attorney David Wheeler Newman of Mitchell, Silverberg & Knupp LLP reviews these new rules and summarizes the steps donors and grantmakers should take, along with suggestions for memorializing this important due diligence.