The first four misconceptions about donor-advised funds (part one is here and part two is here) related largely to how individuals use donor-advised funds, particularly as compared to other charitable vehicles. Today, we’ll look at two ideas that apply broadly to donor-advised funds and are, sadly, used by some to not just discourage use of this charitable vehicle but …read more »
Last week, we looked at the first two of our six misconceptions about donor-advised funds. Today we’ll explore two more misconceptions, these related to flexibility and control. Next week, we’ll look at two final myths related to the efficacy and value of donor-advised funds.
#3 – Donor-advised funds lack the flexibility of a foundation
It is certainly true that there …read more »
Photo credit: National Review
Presidential candidate Carly Fiorina received flack this week because of reports that her “foundation” gave to Planned Parenthood, an organization to which she has been particularly antagonistic recently on the campaign trail.
In truth, Fiorina and her husband did not have a stand-alone private foundation at all. Rather, they were advisors on a donor-advised account they …read more »
Donor-advised funds (DAFs) continue to be one of the country’s fastest growing giving vehicles. Donors using DAFs find the accounts lead to more strategic charitable giving, while still allowing them to maximize tax deductions. Yet while DAF use may be increasing quickly, many donors still don’t understand how DAF accounts function, and some fall prey to the many misconceptions surrounding …read more »
Do Americans give solely for altruistic reasons? Maybe you’d like to say yes. However, people’s charitable decisions of where to give, how to give, and how much to give are influenced by numerous factors.
New research from the American Legislative Exchange Council shows that one of these many factors that affect people’s giving is taxes. In a new report, The …read more »
DonorsTrust is happy to announce Lawson Bader as the new CEO for DonorsTrust.
When he takes the helm at DonorsTrust in November, Lawson will have concluded three years as president and CEO at the Competitive Enterprise Institute, a DC-based think tank that promotes freedom and limited government across a wide range of policy issues. Lawson succeeded CEI’s founder and managed …read more »
Many donors have a sense, even if just in their gut, of the causes and specific charities they want their philanthropic dollars to fund. All of that is meaningless, though, if they can’t be confident that those wishes will be carried out.
An article in today’s Wall Street Journal highlights the difficulties of carrying out donor intent. In “Staying …read more »
Can DonorsTrust be expected to maintain the same diligence, the same integrity, and the same focus on donor intent after losing its co-founder and president, Whitney Ball?
I first saw a version of this question posed in response to the Wall Street Journal‘s online article about Whitney’s death. My initial response, along with many people I knew, was to …read more »
Early Monday morning, August 17, the liberty movement and all of philanthropy lost a great friend with the passing of Whitney Ball.…read more »
I always enjoy asking clients why they decided to do their charitable giving through DonorsTrust. These are financially savvy folks and they realize that other groups and institutions offer donor-advised funds. So why go with us instead of someone else?
The answer I keep hearing: Principles.
As one long-time client told me, if all donor-advised funds offer essentially the same …read more »