The document provides a detailed explanation of the definition and characteristics of donor-advised funds as per the Pension Protection Act of 2006. It outlines the criteria that classify a fund as donor-advised and discusses various scenarios and exceptions, such as field-of-interest funds, scholarship funds, and disaster relief funds. The document emphasizes the importance of understanding these definitions for compliance with the Act and advises consulting legal or tax professionals for specific situations.
documents/EFTA00598155.pdf
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