Jeff AtwoodYou gotta love Donor Advised Funds. What are we gonna do? Amass 251 billion dollars. What are we gonna do with it? Well, we're not entirely sure yet. Give us some time. Maybe one day... something, eventually. If we feel like it. https://www.nptrust.org/reports/daf-report/
Pippz@codinghorror@infosec.exchange alternate viewpoint - by providing an organization with DAF funds, you’ve declared your support for long-term projects under their purview, and make it easier and faster to build relationships in the subject area of the institution.
It’s also much easier to establish a DAF that can be converted upon death to immediate use, than to create one via the probate process. Especially if you think there may be arguments over your estate.
Nothing like burdening a nonprofit by making them join a probate court case that they usually aren’t even aware of.
I’ve also seen them used by grandparents to teach their grandchildren how to give responsibility, and by creating the DAF, the grandchildren can continue the philanthropy as a legacy. I loved seeing the kids work with grandma to understand financial statements and causes.
That said, I fully understand the arguments about spenddown amounts. I think that in society, what is often set up to be a great thing will be taken advantage of, by those that like to do such things.
Jeff Atwood@Pippz@infosec.exchange I don't think any of that matters. What matters is the aggregate stats, what is actually happening in practice, at scale. Yes, some are using it in a sane, healthy way. Also.. exponential growth.. look it up. That's cancer level growth.