Grow Philanthropy Act of 2016

Summary

Grow Philanthropy Act of 2016 This bill amends the Internal Revenue Code to exclude from the gross income of an individual who is at least 70-1/2 years of age up to $100,000 in distributions from an individual retirement plan to a donor-advised fund. (A donor-advised fund is a fund or account that is separately identified by reference to contributions of a donor or donors. The account is owned and controlled by a sponsoring charitable organization, while the donor retains advisory privileges with respect to the distribution and investment of funds in the account.)

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 12 April 2016

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• Introduced in House (PDF)

  Introduced in House · EN · 12 April 2016

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• Introduced in House

  summary · EN · 12 April 2016

  Open at official source

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