Decades of Warehousing Charity Dollars — the ‘Fidelity Effect’ on Charitable Giving
Critics of Donor-Advised Funds, or DAFs, have long argued that they starve nonprofits of much-needed funds by “warehousing” charitable donations.
Critics of Donor-Advised Funds, or DAFs, have long argued that they starve nonprofits of much-needed funds by “warehousing” charitable donations.
Make no mistake: this pandemic is the “rainy day” DAFs and foundations have been saving for.
Billionaires get huge tax breaks to park money in private family foundations operated by wealthy heirs. Little goes to actual charity work
How Wealth Inequality Distorts Philanthropy and Imperils Democracy
As wealth concentrates, so have charitable dollars. To get donations to frontline nonprofits, Congress must pass an emergency charity stimulus.
Foundations and donors to advised funds ought to be held to new payout standards for a future that requires all hands — and dollars — on deck.
Congress can help nonprofits come up with an additional $200 billion — without costing taxpayers another dime.
If we want to expand the middle class, lift up workers and protect the environment, we need to protect our democracy from extreme billionaire influence.
The ultra-rich are using philanthropic vehicles to shield their wealth—it’s time Congress acted.
Growing inequity in charitable giving continues to hold risks not only for nonprofits but for the entire nation.
As taxpayers, we need to know whether a donation actually makes it to a charitable cause.
The rich are claiming substantial tax benefits through shady donor-advised funds. How are they getting away with it?
GDP is high. Unemployment is low. Why are we still seeing unprecedented levels of economic inequality?
Help us spread the word about our latest report, “Warehousing Wealth: Donor-Advised Charity Funds Sequestering Billions in the Face of Growing Inequality”
Donor-Advised Charity Funds Sequestering Billions in the Face of Growing Inequality