Proposed legislation working its way through Congress right now could dramatically alter the philanthropy landscape, and bring about significant changes that reverberate through the nonprofit and philanthropic sectors. Honored to present a webinar on the Latest in Donor Advised Fund (DAF) and Foundation Reform Proposals for LawPracticeCLE. You can access the webinar either live on April 6, 2022 from 2pm-3pm ET or on demand.
Many conversations about Donor Advised Funds (DAFs) unfortunately devolve into "good vs. bad" rather than embracing the deeper, more critical conversations needed when talking about philanthropy's fastest growing vehicle. Therefore, when I see an article that delves deeper, it immediately grabs my attention! The CEO of FJC - A Foundation of Philanthropic Funds, recently published a thoughtful piece on the blog of the Center for Effective Philanthropy entitled “The Power (and Challenges) of Mobilizing DAFs in a Time of Crisis.” One fantastic question posed by the article linked below is:
"This highlights the important question about whether DAF sponsors should primarily be a mechanism for individual giving, or whether there’s a role for sponsors in inspiring their donors to consider different, and potentially more equitable, approaches to their philanthropy."
If your Board, leadership team, or development team are interested in learning more about Donor Advised Funds, we have created a Signature Program entitled “Demystifying Donor Advised Funds.” In a highly interactive format, this workshop discusses donor advised funds, how they differ from private foundations, tips for engagement, critiques and potential reforms. If you’d like to learn more, contact us today!
A Donor Advised Fund (DAF) is a giving vehicle established at a public charity. It allows donors to make a charitable contribution, receive an immediate tax deduction and then recommend grants from the fund over time. These contributions may include cash, stock, real estate, or other assets. While DAFs were first created in the 1930s, they began to gain popularity in the 1990s and today are philanthropy’s fastest growing vehicle, accounting for 3% of all giving. Enjoyed leading a webinar yesterday for Goodwill Industries International — Demystifying Donor Advised Funds — in which I discuss donor advised funds, how they differ from private foundations, tips for engagement, critiques and potential reforms.