‘Business Week’: Donor-Advised Funds

Though many fund raisers and others fear that people who set up donor-advised funds with help from financial companies like Fidelity Investments, Charles Schwab, and Vanguard would be encouraged to keep their money in their accounts — and not give it to charity — that has not been the case, says Business Week (December 24, 2001).

For instance, it says, donors who have funds at Schwab distribute from 18 percent to 30 percent of the assets each year. The magazine also says more than half of the people who have Schwab funds are giving more annually than they did before.

Donor-advised funds, which have been growing in popularity in recent years, are offered by community foundations, Jewish federations, and other nonprofit groups, as well as through charities set up by financial companies.

The article is available at http://www.businessweek.com.