• Gustavo Bernal Torres

Deep Dive into Philanthropy and Donor-Advised Funds (DAFs)

Axios takes a look at how philanthropy is evolving-

  • "Now is exactly the kind of rainy day that should prompt philanthropists to finally give away the money they've been saving up. In reality, although disbursements from foundations and DAFs are up, most of them are still going to end the year with more money than they started it with."

  • Rich individuals and institutions have proven by their actions that they hate to see the amount of money they control decline, even after it has been earmarked for charity. That's why huge funds like the Ford and Rockefeller Foundations have borrowed the extra money they're giving away this year.

  • "Pledging to give away your billions is the easy bit. Actually doing it — giving away so much money that your wealth goes down rather than up — is much rarer."

Source: https://www.axios.com/philanthropy-deep-dive-79a9c1b4-f925-42ab-aac5-513c0c637a54.html?deepdive=1

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