Watch the Debate: How Senate Bill to Speed Up Giving Would Work
The nonprofit world is divided over a plan to change tax rules for foundations and contributors to donor-advised funds.
By STACY PALMER
Chief Executive Officer
A new measure in the Senate would prod foundations and donor-advised funds to stop hoarding assets. As a Giving Pledge signatory, I’m not the only big giver who thinks this is much-needed policy change, writes Melanie Lundquist. Plus: See our briefing on the Accelerate Charitable Efforts Act featuring Lundquist and four other expert speakers.
By Melanie Lundquist
Contributor
Community Foundations Have Good Reason to Oppose King-Grassley Legislation
The legislation could endanger the future of community foundations and disrupt support to local nonprofits, according to three community foundation leaders.
Community Foundations Have Every Reason to Embrace a New Senate Bill to Regulate Donor-Advised Funds
Opposition from the funds is mounting, even though the legislation offers an ideal moment for community foundations to distinguish themselves from commercially sponsored funds like Fidelity and Schwab.
By Alan M. Cantor
Reporter
Coalitions of Foundations and Donors Line Up to Oppose New Senate Measure to Speed Up Giving
Opponents say the measure, which would offer tax benefits to grant makers and donors who push money out the door, especially harms family foundations and community funds.
By dan.parks
Contributor
Sens. Grassley and King Push Measure to Accelerate DAF and Foundation Giving
Two key U.S. senators introduced legislation Wednesday designed to spur faster payouts from donor-advised funds and foundations, giving new momentum to an effort that has deeply divided philanthropy.
By dan.parks
Contributor
Ramadan Drives Donations and Memberships to Giving Circles
The pandemic has driven growing interest in pooling funds, as Muslims work to distribute money from donor-advised funds and other sources.
By Haleluya Hadero
Associated Press
New research from a critic of donor-advised funds is based on tax records that show just how much charities received over five years.
By Michael Theis
Contributor
If a foundation lacks an authentic awareness or commitment to diversity and inclusion, requiring higher asset distribution may exacerbate the very inequities advocates are working to reverse.
By Kyle Caldwell
Contributor
We Agree, Foundations Should Be Held Accountable for High Salaries and Staggering Expenses
Two former foundation officials support the idea of challenging the “staggering” redirection of charitable dollars to pay for “bloated foundation staff” and administrative expenses.
Conservatives Should Applaud — Not Fight — Efforts to Change Philanthropic Giving Rules
Rather than attacking proposals to overhaul donor-advised funds and other giving practices, conservative groups need to focus on the real culprit — the growing use of donor dollars to support political activities.
By Craig Kennedy and William Schambra
Community Foundations Report 41% Bump in Grants From Donor-Advised Funds
For every dollar that came in to a community foundation’s donor-advised fund in 2020, 87 cents went out.
By Michael Theis
Contributor
Donor-Advised-Fund Claims Spark Pushback From Critics
Fidelity’s announced last week that its donors directed $9.1 billion to charity last year; still, critics say donor-advised-fund sponsors exaggerated how much money is actually flowing to working charities.
By Alex Daniels
Senior Editor, Foundations
Fidelity Charitable Donors Channeled $9.1 Billion to Charities Amid the Pandemic
That is a surge of 24 percent and comes as the biggest donor-advised fund sponsor received more than $14 billion in 2020. Still, charities say they are struggling to meet needs and have made many job cuts.
By Glenn Gamboa
Associated Press
A Close Look at the Pooled Funds That Are Shaking Up Philanthropy
Organizers of pooled funds and other efforts to get foundations to collaborate have used them as a test bed for changes they’d like to see in philanthropy.
By Alex Daniels
Senior Editor, Foundations
‘Hate Groups’ Received Millions From 351 Charities and Foundations, Chronicle Review Finds
Foundations and donor-advised funds directed more than $50 million in charitable funds from 2013 and 2018 to nonprofits designated by the Southern Poverty Law Center as hate groups.
By Michael Theis
Contributor