General Discussion
New post from Tami Swoboda
Promisory Notes and Donor Advised Funds
I need some guidance. Can an LLC donate promissory notes to a donor-advised fund if the notes are for equipment financed for and in use by one of the LLC partners? I'm comfortable with this as a gift to a designated or unrestricted fund but I'm afraid we may be getting into excess business holdings territory since it's donor advised?
https://pronetcf.org/general-discussion/promisory-notes-and-donor-advised-funds