What are the key differences between donor advised funds and private foundations? Today, there are 86,516 private foundations in the country containing $855.81 billion in assets and making $49 billion in grants. By comparison, there are five times as many donor advised funds—463,622 with $110 » Read More
Donor advised funds seemed to explode on the charitable giving scene in just a few short years. Today, the top charities in the country are donor advised funds. By 2015, the donor advised fund world reached $80 billion in assets. But for all this rapid rise, few seem to remember their history. At » Read More
It’s October, but it is year end tax season. I work with people all across the country. Each year, we see people set up donor advised funds in the month of December. In fact, we’ll see 50% of our activity take place in the month of December. While it’s a good thing that we have that kind of activity, it’s also a lesson for those planning now.