; and (II) the aggregate gross assets of which at the end of the taxable year are less than $500,000. (B) Organizations filing form 990–T In the case of any organization described in section 511(a)(2) of the Internal Revenue Code of 1986 which is subject to the tax imposed by section 511(a)(1) of such Code on its unrelated business taxable income, or any organization required to file a return under section 6033 of such Code and include information under subsection (e) thereof, the Secretary may delay the application of the amendments made by this section, but not later than taxable years beginning 2 years after the date of the enactment of this Act. 6. Modification of rules relating to donor advised funds (a) Allowance of tax-Free charitable distributions from individual retirement accounts (1) In general Clause (i) of section 408(d)(8)(B) of the Internal Revenue Code of 1986 is amended by striking or any fund or account described in section 4966(d)(2) . (2) Effective date The amendment made by this subsection shall apply to distributions made in taxable years beginning after December 31, 2016. (b) Return disclosures (1) Distributions Subsection (k) of section 6033 of the Internal Revenue Code of 1986 is amended— (A) in paragraph (2), by striking and at the end; (B) in paragraph (3), by striking the period at the end and inserting a comma