Donor-advised funds – Powerful giving tool needs sharpening

The fastest-growing tool in the philanthropic arena is the donor-advised fund. DAFs are 501(c)(3) philanthropic accounts established at a public charity. They allow donations of cash, property, appreciated assets and more – and donors receive immediate tax deductions. The DAF legally controls the money from the point of donation. Subsequently, donors can advise the DAF… Read more »

Coherent Philanthropy: Six lessons for families

Philanthropy is “coherent” when it is logical, well-organized, well-planned and sensible – as well as easy to understand and articulate. Over the years, I have helped dozens of families, foundations, businesses and family offices achieve coherence in their philanthropy. In the realm of family philanthropy, here are six key lessons. (In a future column, I will… Read more »

New study outlines unprecedented financial risk to many nonprofits

Across the United States, more than 1.5 million nonprofit organizations engage in remarkable work to transform lives, communities and the planet. Unfortunately, these organizations currently face a wide range of growing pressures. Consider these facts: In 2013, nonprofit organizations employed more than 10.6 percent of the workforce (14.4 million). More individuals are employed by nonprofits… Read more »

Business leaders, consumers and employees find value in enhanced philanthropy

Businesses must play a more strategic and integral role in efforts to solve the most pressing problems of our local, national and global communities. So believes Larry Fink, chairman and CEO of international asset management and investment giant Blackrock. His colleagues in the business community are taking note. In his annual CEO letter, Fink recently… Read more »