Aanestad, Kari; Gibbons, Kerry; Pratt, Jon - 2021
$3 billion was transferred from over 2,200 U.S. private foundations to five donor advised fund (DAF) sponsors between … by the foundations’ founding documents but also obscures all aspects of the recipients of private foundation funding by … providing no context for when or where the charitable dollars will be used. Private foundation-to-DAF transfers frustrate state …