In Peterson v. Christian Community Foundation, Inc., d/b/a WaterStone (Charity or WaterStone), Philip Peterson, as successor advisor, filed a Complaint and Jury Demand (Complaint) in the United States District Court for the District of Colorado against the Charity, alleging he was denied access to information regarding his family's donor advised fund (DAF) and the Charity refused to process grant recommendations. Peterson is seeking multiple remedies, ultimately seeking an order directing WaterStone to transfer the DAF to another sponsoring organization.

Contributing stock to a SCRUT prior to a merger saves donors immediate capital gain taxes, and provides for charity down the road.

An understanding of a CLT is critical for any gift planner who wants to be in a position of becoming a donor's or potential donor's advisor. In order to do so, a gift planner must understand how a CLT works and be prepared to respond if other advisors to the donor should advise a CLT in the donor's financial, estate, and charitable planning. This article presents the concept of this complex planned giving vehicle, different types, and technical obstacles to setting one up. Examples are worked through in an attempt to show participants how to determine the appropriateness of a CLT for any particular donor. Lastly, advanced uses are addressed, with the specific facts and consequences presented.

On February 10, 2026, the House Ways & Means Committee held a hearing where lawmakers and witnesses discussed revamping IRS Form 990 to increase transparency.