239: (news) DAF legislation & Nonprofit Wins Pulitzer

Nonprofit news summaries for the week of June 14th, 2021. 

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New Federal Legislation Aims To Speed Up Donor Advised Funds’ Impact To Charities

New proposed legislation introduced by Sen. Angus King (I-Maine) and Sen. Charles Grassley (R-Iowa) seeks to speed up the process by which donor-advised funds (DAFs) would be disbursed to nonprofit organizations. While controversial within certain philanthropic circles, the Accelerating Charitable Efforts (ACE) Act would establish timeframes for DAF distribution and new rules for DAFs, including both 15 and 50-year options.

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Chicago-based Journalism Nonprofit Wins Pulitzer

The Invisible Institute, a nonprofit news organization based out of the south side of Chicago, along with the staffs of The Marshall Project, Alabama Media Group, and The Indianapolis Star, have won a coveted Pulitzer Prize in the “National Reporting” category for investigative reporting that looked into Police K-9 units.

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