Donor-advised funds, the financial instrument du jour for philanthropy, are not always what they seem. http://www.nybooks.com/articles/2016/07/14/the-undermining-of-american-charity/ … https://twitter.com/MikeIsaac/status/804111956453953536 …
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true! Only the philanthropy community seems to be discussing it though. Think it should be talked about in tech press too.
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Replying to @kimmaicutler @moskov
like I obviously respect Sandberg immensely but someone should be covering whether people actually follow through
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Replying to @kimmaicutler @moskov
on their commitments, especially when they park hundreds of millions in DAFs.
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Replying to @kimmaicutler @moskov
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@siliconvalleycf has grown into one of the largest DAF managers in the US over the last few years.1 reply 0 retweets 1 like -
Replying to @kimmaicutler @moskov
Jan Koum, for example, parked half a billion in one a few yrs ago....
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Replying to @kimmaicutler @moskov
But to date, only one $1M donation to BSD Foundation http://www.insidephilanthropy.com/guide-to-individual-donors/jan-koum.html … Obviously, it takes time to do research but
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I think the public, more than ever, should be engaged, aware in this discourse about how capital is allocated
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