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Showing posts from May, 2020

Loving #HalfMyDAF Movement

When David and Jennifer Risher announced their decision to launch The #HalfmyDAF movement, I was immediately compelled to reach out to them to say thank you (and politely suggest that they didn't go far enough!).  Even without going The Full Monty , to me the Rishers and the #HalfmyDAF movement is the best thing to happen to philanthropy since on-line giving.   First, some context: The Donor Advised Fund was designed for donors who, for timing purposes, needed to make a tax-advantaged donation, but essentially did not know where to give the money and did not have a private foundation.  It has existed in some form since the 1930s, and over the ensuing decades, favorable legislation designed to prevent the proliferation of administratively expensive private foundations (which can be tracked via this handy dandy PDF at the Council of Foundations ) lead to the creation of the DAF, which by 2019 was the fastest-growing charitable vehicle in the US - an unintended consequ...