From David T. Leibell and Daniel L. Daniels of Cummings & Lockwood LLC in Stamford, Conn., we have this update: IRS approves donor control of investments. In a private letter ruling that was issued but not published as of presstime, the Internal Revenue Service has approved a charitable giving strategy enabling donors to manage the investments of their charitable contributions. The strategy, called the “Donor Managed Investment Account Program,” was developed by Winklevoss Consultants, ...

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