Jeff Hamond of the Community Foundation Public Awareness Initiative, shares his insights on the Accelerating Charitable Efforts Act (ACE), and what it could mean for community foundations.

Donor Advised Funds (DAFs) are a popular tool that democratizes philanthropy. Across Montana, people use DAFs to support those charitable causes they love and care about. The Montana Charitable Endowment Tax Credit (METC) encourages giving to endowed funds, including DAFs.

The Accelerating Charitable Efforts Act (ACES) has been proposed by Sen. Angus King (ME) and Sen. Charles Grassley (IA) which includes provisions that will affect Donor Advised Funds (DAFs).