This Spin Won’t Wash
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November marks the tenth anniversary of Professor Ray Madoff’s New York Times op-ed calling for new rules that would accelerate grantmaking from donor-advised funds. Over the years since, as the…
Read More Stress Test
Fewer and fewer Americans are making charitable contributions, and we need to ask ourselves why. Certainly, economics plays a major role. “Gilded Giving 2018,”a report from the Institute for Policy…
Read More What’s Behind the Curtain? We Still Don’t Know.
[Note: This article was co-published in The Chronicle of Philanthropy on March 12, 2018.] The most dramatic phenomenon in American charity in the last decade is the rise of donor-advised funds.…
Read More Wall Street’s Charitable Gold Rush
[Note: This article was co-posted February 25, 2015, in Inside Philanthropy.] The unbridled growth of donor-advised funds (DAFs) is the biggest story in philanthropy. Some startling facts: Contributions to DAFs…
Read More Wall Street Muscles In
I really wish I’d been wrong in my earlier warnings about the growth of commercial donor-advised funds. But the latest Philanthropy 400 rankings from the Chronicle of Philanthropy indicate that…
Read More Big News — But Not Good News
[Note: This commentary is cross-posted in the November 15, 2012 edition of the Chronicle of Philanthropy.] Today it’s my duty to point out a disturbing trend for America’s charities. Each…
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