The article introduces a three-part series discussing the implications of Donor-Advised Funds (DAFs) on nonprofit funding. While DAFs provide tax benefits and grant flexibility, they divert increasing amounts of donor dollars from direct nonprofit support. There is concern over the lack of oversight in the DAF system, which risks financial abuse and inefficiency. An independent report initiated by the authors seeks to analyze the state of DAFs and provide transparency, helping nonprofits navigate the challenges of funding in this evolving landscape.
"Every year, more donor dollars are diverted to donor-advised funds (DAFs), while nonprofits on the ground struggle harder for donations."
"In the absence of adequate oversight, DAFs are ripe for abuse."
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