Foundations

Who’s Afraid of DAFs?

Critics of donor-advised funds miss the real story of why they have grown so fast, argues a longtime community foundation leader.

It’s human nature to fear what we don’t understand. The objects of such unreasoning fear, according to a Scottish tradition, are “ghoulies and ghosties and long-leggedy beasties and things that go bump in the night.” Today, on the philanthropic landscape, nothing goes bump in the night quite so resoundingly as donor-advised funds (DAFs). The astonishing growth of DAFs—charitable giving vehicles over which donors retain a measure of control—is almost beyond comprehension. And...


Want more? Sorry, the full text of this article is only available to subscribers. Subscribe now.

Already a subscriber? Please log in by entering your email address and password into the red login box at the top-right corner of this page.

Need to register for your premium online access, which is included with your paid subscription? Register here.

Tracker Pixel for Entry