# Charitable Donation Accounts
> **US National Credit Union Administration** · Final rule. · Published 2013-12-19 · Effective 2013-12-19 · 78 FR 76728
## Document
- **Document number:** 2013-30103
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 78 FR 76728
- **CFR reference:** 12 CFR 703
- **Publication date:** 2013-12-19
- **Effective date:** 2013-12-19
## Abstract

The NCUA Board (Board) is issuing a final rule to amend its regulations to clarify that federal credit unions are authorized to create and fund a charitable donation account, a hybrid charitable and investment vehicle, as an activity incidental to the business for which the credit union is chartered, provided the account is primarily charitable in nature and meets other regulatory conditions to ensure safety and soundness.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2013/12/19/2013-30103/charitable-donation-accounts)
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