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While giving to most charities has remained largely flat in recent years, contributions to donor-advised funds are growing at eye-popping double-digit rates. What this explosion means for the nonprofit world is the subject of growing debate.
As the debates about donor-advised funds grow more intense, it’s worth looking closely at five of the myths that their proponents like to advance when anyone suggests that it’s time to require the funds to distribute a minimum sum, and to examine what’s wrong with their arguments.
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