Three scholars weigh in regarding the priorities of these wealthy American donors, who gave less to social service and racial justice groups than in the first year of the COVID-19 pandemic.
Little comprehensive research about what the charitable accounts, known as DAFs, are supporting has been conducted until now.
While support for social services and historically black colleges and universities rose sharply, these donors spent a tiny fraction of what the government distributed to people who needed help.
When organizations dedicated to doing good make money their top priority, they get into trouble.
Before you reach for that checkbook or give to a charity online, pause to think about what makes a cause good in the first place.
As these tax-exempt vehicles transform philanthropy, they’re drawing more scrutiny. Will Congress or the Trump administration tinker with the rules that encouraged their rapid growth?