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Report finds significant fund transfers between donor‐advised funds
Publication year - 2021
Publication title -
nonprofit business advisor
Language(s) - English
Resource type - Journals
eISSN - 1949-3193
pISSN - 1531-5428
DOI - 10.1002/nba.31088
Subject(s) - business , finance , fidelity , accounting , fund raising , political science , law , computer science , higher education , telecommunications
A new analysis of tax documents from commercial administrators of donor‐advised funds—the largest of which is Fidelity Charitable—finds that a significant chunk of grants awarded through DAFs don't end up in the hands of charities, but instead go to other DAF sponsors—essentially recirculating the funding among large financial institutions.