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Donor-advised funds, which allow donors to store money in a private account and have it directed to charities without having to set up a private foundation, are a popular way to donate in the US.
They're also a hot topic in Canada, where they're being criticized for taking advantage of tax breaks and loopholes, and in the US, where they're being called for more transparency and accountability, per a Saturday Seminar article in Nonprofit Policy Reform.
Donor-advised funds were first introduced in the US in the 1930s, but have grown in popularity in recent years, with $230 billion in assets and $52 billion in distributions to charities as of 2022, per the National Philanthropic Trust.
The problem, critics say, is that the funds are stored indefinitely, meaning they're not made available to charities as quickly as they should be.
There are two types of DAFs: one that would require funds to be distributed within 15 years and another that would offer immediate tax benefits for funds distributed within 50 years.
The proposed Accelerating Charitable Efforts (ACE) Act, introduced in 2021, would do two things: It would require funds to be distributed within 15 years and offer immediate tax benefits for funds distributed within 50 years, while also imposing minimum annual distribution requirements similar to
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Foundation: Ameriprise Financial
Ameriprise Financial announced nearly $2 million in donations to over 85 nonprofits across the U.S. as part of its first round of 2025 grants, along with $1.58 million in matching gifts from...more
Sustainergy is a worker cooperatives based in Cincinnati, Ohio.The co-op was founded in 2013 by two first generation immigrants.It provides free energy assessments for over 5,000 Cincinnati...more
Foundation: Headwaters Foundation for Justice, MacArthur Foundation, Marguerite Casey Foundation, Marguerite Casey Foundation
This imbalance is all the more jarring given that Native communities are reeling from the Trump administration's draconian spending cuts.Funders with a track record of supporting Native American...more
Sphinx Works to Diversify the World of Classical Music as Funding Contracts.Sphinx has launched six successful classical ensembles, commissioned nearly 100 works by composers of color, and grown an...more
Foundation: Minneapolis Foundation
A federal judge has ordered the Trump administration to release $180 million in federal funding for environmental justice projects, including $60 million in the Pacific Northwest.The Environmental...more
Morgan Stanley Climate Fund Invests $30 million in Methane Emissions Management Platform Insight M.Insight M is an energy sector-focused methane management solutions provider.The investment was made...more
Justin Bieber's wife is a prominent figure in social media and the fashion industry.Her influence in the fashion world has surged in recent months, especially with the release of her new...more
Nest Inc.empowers women artisans globally by providing training, funding, and market access.Nest helps artisans tap into this market by connecting them to brands like GAP, Ralph Lauren, Target, and...more
English has spent her career working at the intersection of farming and public health.Before joining the Walton Personal Philanthropy Group as a senior program officer, she was director of the...more
Nest Inc.empowers women artisans globally by providing training, funding, and market access.Nest helps artisans tap into this market by connecting them to brands like GAP, Ralph Lauren, Target, and...more
Philanthropy News from...
Ameriprise Financial
Headwaters Foundation for Justice
MacArthur Foundation
Marguerite Casey Foundation
Minneapolis Foundation
Gates Foundation
Hewlett Foundation
Open Society Foundations
California Community Foundation
International Community Foundation
San Diego Foundation
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