Donor-Advised Fund Scam Exposed

Donor-advised funds have become the charitable giving model of choice in recent years for well-to-do families and individuals. It is a lower-hassle, lower-cost alternative to creating a private family foundation, and affords more privacy, too. While the donor-advised fund (DAF) model of charitable giving has been around for decades, for most of those years it was little known or used. Beginning in about the Read More

Donor-Advised Funds: IRS Asks for Public Comment

Donor-advised funds (DAFs) have been available for decades, but it’s only in recent years that DAFs have surged in popularity in the United States to become the “fastest-growing charitable giving vehicle.” With that growth has come scrutiny. For wealthy people, a donor-advised fund is certainly an attractive alternative to creating a private family foundation. DAFs involve less time and money; they offer more Read More

Charities in the Courtroom, Pt. 14: Donor Advised Fund

A hot topic these days is donor advised funds. They are wildly popular as an alternative for wealthy individuals to bypass the disadvantages of setting up and maintaining a family foundation. One of the leading commercial DAF funds - The Fidelity Investments Charitable Gift Fund - is now the largest charitable fund in the United States, topping such giants as the United Way, the American Red Cross, and The Salvation Read More

Donor-Advised Funds: New Criticisms

The donor-advised fund (DAF), a charitable-giving format which has been around for many decades, has been surging in popularity for several years. But this massive growth has sparked a recent wave of critical comment from academics and other observers about the implications of the widespread use of DAFs on philanthropy and charitable giving. In The Better Choice?: A Foundation or a Donor-Advised Fund,” we explained Read More