Naming a DAF as the remainder beneficiary of a CRT gives the donor flexibility.

On May 28, 2026, the Joint Committee on Taxation (JCT) released its General Explanation of the Tax Provisions of Public Law 119-21 (Explanation). Often referred to as the One Big Beautiful Bill Act (OBBBA or Act), the Explanation provides insight into how staffers interpret the new law.

Well-considered gift acceptance policies and effective procedures to implement those policies, cannot only ensure that an organization's fundraising activities are consistent with the values and objectives of the organization, they can help prevent misunderstandings with donors, negative publicity, and even litigation arising from the acceptance of problem gifts. This article considers what things should and should not be included in a gift acceptance policy, and suggests a process to develop policies and procedures tailored to a particular organization, its values, objectives, constituencies, and circumstances.

This case study illustrates the use of a CRT to defer gain on the sale of a closely held business, with the CRT remainder passing to a DAF.