Review of Reviews: Strings Are Attached: Shining a Spotlight on the Hidden Subsidy for Perpetual Donor Limits on GiftsReview of Reviews: Strings Are Attached: Shining a Spotlight on the Hidden Subsidy for Perpetual Donor Limits on Gifts

The majority of donors restrict their gifts to charity, donor limits are favored under current law and there’s a harmful subsidy on perpetual donor limits according to the author in “Strings are Attached: Shining a Spotlight on the Hidden Subsidy for Perpetual Donor Limits on Gifts.” The article, which focuses on the merits of a tax law subsidy for perpetual donor limits, has three parts. 

Part 1 summarizes a variety of donor limitations, including: restricting the purpose or use of the gift; geographical limitations; conditions that impose obligations on charities; establishing an endowment that results in the money not being spent currently; establishing a private foundation; and giving to a donor-advised fund (DAF), which allows the do...