For Wall Street-Fueled Philanthropy Industry, Every Day Is Giving Tuesday

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A new report details how the "profit motives of the financial services sector have increasingly and disastrously warped how charitable giving functions" Wealthy people have the option to donate to foundations or DAFs, which can be sponsored by for-profit wealth management firms like Fidelity Investments or Charles Schwab.

The report recommends a number of reforms in order to take back philanthropy from Wall Street.

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