Fidelity Charitable Gift Fund, the nonprofit arm of behemoth Fidelity Investments, now raises more money than United Way via donor-advised funds. Hands down, donor-advised funds (DAFs) are the fastest growing form of giving. So what’s the problem?
DAFs don’t practice transparency in their grantmaking and they work very differently than most people think. In seeing our clients struggle with this evolution, here is an open letter to DAFs everywhere.