Read on Twitter
This is an excellent story about donor-advised funds by @TheWillHobson in the @washingtonpost. I've got one observation to add... https://www.washingtonpost.com/lifestyle/style/zombie-philanthropy-the-rich-have-stashed-billions-in-donor-advised-charities--but-its-not-reaching-those-in-need/2020/06/23/6a1b397a-af3a-11ea-856d-5054296735e5_story.html
The story notes that Nicole Taylor of the @SiliconValleyCF, who very much wants to push money out the door at this time of crises, called upon the foundation's "DAF holders to increase their planned giving this year by 1 to 5 percent, because of the pandemic."
This is admirable but the DAF funds legally belong to the @siliconvalleycf. Taylor and her staff have the authority to spend 1, 5, 10 or 20% of those funds today. DAF holders get a tax deduction when they make deposits into their accounts because they giving up legal control.
This is what's fundamentally wrong with DAFs. They're based on a lie. #Philanthropy should not rely on lying. https://medium.com/swlh/americas-biggest-charity-is-built-on-a-lie-b6eb06295852
