The Great DAF Debate

<p>Donor-advised funds (DAF) have dominated philanthropy in any number of ways over the past decade, whether it's increasing charitable contributions, boosting assets, or simply garnering attention within the public square.</p> <p>That could be why it takes a super sized episode of <em>Fresh Research</em> tackle the topic. This episode diverges from the usual format; instead of one interview there are two interviews, each taking a side on the subject of DAFs and proposed reforms around charitable giving.</p> <p>The first segment will feature Ray Madoff, co-founder and director of the Boston College Law School Forum on Philanthropy and the Public Good. She's part of the <a href="https://acceleratecharitablegiving.org/" rel="noopener noreferrer" target="_blank">Initiative to Accelerate Charitable Giving</a>, a coalition of philanthropists, nonprofits and foundations pushing charitable reforms, including new rules around donor-advised funds. Since this episode was recorded, Madoff released a new paper with UC-San Diego Professor James Andreoni titled, <a href="https://www.bc.edu/content/dam/bc1/schools/law/centers/philanthropy/2021-forum-philanthropy-report-daf-impact.pdf" rel="noopener noreferrer" target="_blank"><em>Impact of the Rise of Commercial Donor-Advised Funds on the Charitable Landscape, 1991-2019</em></a>. Among the findings was that even though “more funds are flowing into, and growing in, private foundations and DAFs, there’s no evidence that charities have benefited from this trend.”</p> <p>In the second segment, Howard Husock, senior executive fellow at The Philanthropy Roundtable and adjunct fellow at American Enterprise Institute (AEI), talks about some of the shortcomings of the reforms proposed by IACG around DAFs and foundations. AEI hosted a similar discussion between Madoff and Husock during a recent virtual panel. You can find the <a href="https://youtu.be/ZXHeAZtfnAg" rel="noopener noreferrer" target="_blank">link to the YouTube video here</a>.</p> <p>Husock also touches on his recent paper