Donor-advised funds have come under increasing fire as tax avoidance vehicles for the wealthy. Donors get a charitable gift tax deduction when they transfer money into the funds, but whereas private foundations have to distribute at least 5 percent of assets to charities every year, donor-advised funds face no such payout requirements. Under pressure from More
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This content originally appeared on CounterPunch.org and was authored by Dan Petegorsky.
Dan Petegorsky | Radio Free (2021-09-24T07:43:40+00:00) National Philanthropic (Mis)Trust. Retrieved from https://www.radiofree.org/2021/09/24/national-philanthropic-mistrust/
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