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The Chronicle of Philanthropy's survey on the nation's largest donor-advised funds found that donor-advised funds are accumulating assets at a far faster pace than nonprofits and foundations. Worth almost a third more than they were before the recession, donor-advised funds received 46 percent more in donations in 2012 than 2011.
That's a stark contrast to nonprofits, which attracted just 7 percent more in contributions, according to The Chronicle's ranking of the 400 charities that raise the most, and big foundations, whose assets grew by 4 percent according to the newspaper's latest study. But the runup in donations--Fidelity Charitable is now as big as the nation's third largest foundation--has prompted critics to suggest that payout rules are needed so that the funds don't simply become warehouses of wealth.
On May 22nd, the Bradley Center hosted a panel discussion on this timely topic.
Required Reading
Alan M. Cantor, Donor-Advised Funds are Booming, but Nonprofits See Little Benefit, The Chronicle of Philanthropy, May 23, 2013.
Sarah Frostenson, Donor-Advised Funds Keep Up Rapid Growth, The Chronicle of Philanthropy, May 23, 2013.
Please join Hudson Institute for a fireside chat with Senior Fellow and Keystone Defense Initiative Director Rebeccah Heinrichs and John Spencer, chair of Urban Warfare Studies at the Modern War Institute at West Point and co-director of the Urban Warfare Project.
Join Hudson Institute and the Ben Franklin Fellowship for a two-panel discussion examining US policy as it confronts the crisis of terror in Nigeria.
Join Hudson Institute's Center for the Economics of the Internet for a keynote address given by Tricia Paoletta on the Trump administration's progress in managing and reallocating the electromagnetic radio frequency spectrum from the federal domain.
Join Hudson Institute for a discussion with Federal Trade Commission Chairman Andrew Ferguson and Senior Fellow Harold Furchtgott-Roth.
