More people are stashing their money in donor advised funds–and they’re giving a lot.
In mid-2017, the Institute for Policy Studies (IPS), a nonprofit progressive think tank, warned that a growing kind of charitable giving might be so popular because it’s really just a tax shelter. The issue centered around the potential abuse of donor advised funds (DAFs), an investment vehicle that allows people to earn an immediate tax break for contributing money to charity–without actually having given it to any charity.
