Friday, March 14, 2014
Whoa, what's this? There is actually a thoughtful and well-reasoned conversation underway about Donor Advised Funds. One side, of course, wants to do away with them while the other sees them as a fundamental shift in how big ticket philanthropy gets done. The truth must be somewhere between the two. Question is, do we have to kill Donor Advised Funds to see their role in fueling the nonprofits in our community? This is not some arcane tax ruling that only affects a few. Coastal Community Foundation is nearly all Donor Advised Funds so this is not just news but big news to us.