Contributions to donor-advised funds (DAFs) are a fast-growing philanthropic tool. Recent analyses express concerns about the impact of DAFs on nonprofits, particularly those held by commercial firms like Schwab and Fidelity. To help our community and policymakers understand DAFs and their policy implications, CalNonprofits developed these Frequently Asked Questions (FAQs) about donor-advised funds. We hope they will contribute to the discussion in the nonprofit and philanthropic communities. Click here to learn more about a California bill related to donor-advised funds recently introduced by Assemblymember Buffy Wicks and co-sponsored by CalNonprofits, NextGen California, and philanthropist Kat Taylor.
The Pasadena Executive Roundtable‘s May 15 meeting will be on planned giving and donor-advised funds; visit the website or Facebook page to register for the meeting.