Friday, October 28, 2016
Jarrett Lucas of Stonewall Community Foundation on Donor- Advised Funds and Philanthropy
For the first time in a quarter of a century, The Chronicle of Philanthropy’s annual ranking of the nation’s top-grossing charities places a financial-sector “donor-advised fund” at the top of the list.
Lucas says he is not necessarily opposed to a payout rule, so long as it is carefully considered and wouldn’t interfere with the needs of new donors who require time to assess the effectiveness of charities and determine which groups fit their philanthropic goals. Stonewall gives out 88 percent of contributions in the same year they’re received, so it’s unlikely that imposed deadlines would significantly alter the giving habits of that fund’s donors...