Legislation aimed at requiring more disclosure from donor advised funds (DAFs), which has been in the works in California for nearly a year, died in committee at the end of January.

In its original form, Assembly Bill (AB) 1712 was aimed at DAF “sponsors disclosing information about individual funds or accounts.”

Southern California Grantmakers (SCG) shared in a recent policy update that AB 1712 would “impose significant burdens on community foundations and reveal donor identity of DAF accounts – including the trustees of many SCG members who use DAFs as a form of their philanthropy.”

SCG