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The Rise of Monster Donor-Advised Funds

For nearly a hundred years, private foundations have been the big guns of warehouse-style philanthropy, raking in billions from their high-rolling founders and doling out grants piecemeal to grateful nonprofits. But over the past two decades, donor-adv…

For nearly a hundred years, private foundations have been the big guns of warehouse-style philanthropy, raking in billions from their high-rolling founders and doling out grants piecemeal to grateful nonprofits. But over the past two decades, donor-advised funds, particularly those affiliated with for-profit financial institutions (such as Fidelity, Goldman and Schwab), have been rapidly and More

The post The Rise of Monster Donor-Advised Funds appeared first on CounterPunch.org.


This content originally appeared on CounterPunch.org and was authored by Chuck Collins – Helen Flannery.


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