McGuire Woods has published an article on its website on Donor Advised Funds. It begins as follows:
Donor advised funds (DAFs) are among the most-discussed vehicles in the charity world today. Proponents see DAFs as useful alternatives to private foundations and supporting organizations when donors want to provide continuing support for their favorite causes. But skeptics — including some in Congress and academia — view DAFs as a means to generate tax deductions without actually funding current charitable activities.
In all events, gifts to DAFs make up an increasing share of support for charities nationwide. The four largest DAF sponsors were estimated to have received almost $12 billion in contributions and to have made $7 billion in grants in 2017.
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.