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Private Foundation Vs Donor Advised Fund

When it comes to establishing an appropriate philanthropic vehicle, the two most often chosen are Private Foundations (PF) and Donor Advised Funds (DAF).  Both have their distinct advantages, as well as some drawbacks.  DAFs have become increasingly popular over the…

Nonprofit Tax Changes Could Come in 2015

According to Harold Hancock, legal counsel for the House Ways and Means Committee, tax code changes are possible this year for charities and other nonprofits.  We talked about this last year (and the year before), but so far, nothing has…

Vilifying Donor Advised Funds – ProPublica Gets It Wrong

Vilifying Donor Advised Funds – ProPublica Gets It Wrong

An article published yesterday by the online newspaper, ProPublica (which claims to focus on stories with “moral force”), is getting a lot of attention.  In the essay entitled, The Wall Street Takeover of Charity, writer Jesse Eisinger goes to great…

Gifts To Donor-Advised Funds Increased Sharply in 2013

Gifts To Donor-Advised Funds Increased Sharply in 2013

An article out this morning in The Chronicle of Philanthropy discusses the current trend in donor-advised funds.  According to the story, gifts to donor-advised funds were up 23% in 2013.  That adds up to a massive figure of $17 billion…

Charitable Deduction Is Again Under Assault

Charitable Deduction Is Again Under Assault

Ever since Barack Obama became President in 2009, we have had to endure his annual budget proposal to limit the tax deductibility of charitable contributions.  And each year, we, along with almost the entire nonprofit sector, scream in frustration, knowing…

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