PwC Accounting Guide for Not-for-Profits

[Deleted User]

The user and all related content has been deleted.

KentWeimer

Hey @JPKelliher

I'm curious about your take on IRS Notice 2017-73, which tells us that distributions from a donor advised fund to fulfill a pledge would not result in a more than incidental benefit under Section 4967. 

Attorney's tend to say we can use use DAF gifts to fulfill a pledge. Some accountants are more conservative and say if a pledge payment comes in from DAF, we should write that part of the pledge off.

Do you have an opinion?

thanks,

Kent