"Recently, charities have deluged the IRS with requests for a study the agency was ordered to do by the Pension Protection Act, passed last August, which tightened the rules in a bid to make personal use of the funds harder. The agency is looking into the funds' pros and cons compared to private foundations and other charitable tools."
Here's what drives me crazy about these kinds of stories. There's no sense of making things better, just a mad dash to "hold off the IRS" or "get rid of DAFs, they're all bad." Regulatory change can be a huge opportunity for innovation - think alternative fuels, stem cell research, the creation of 401K plans, even discount brokerages came about as a result of changes in SEC rulings.
So - why doesn't the philanthropy industry - seem to respond this way? What a great opportunity to invent the next best-selling mechanism to manage philanthropic assets ...