Donor-Advised Funds: The Source Fundraisers Can't Afford to Ignore
There are pros. There are cons. Either way, donor-advised funds continue to grow in popularity, and fundraisers neglect them at their own peril.
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Joe Boland
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Plus, with many DAF providers lowering their minimums to open an account, more donors are able to utilize DAFs today.
Then there is the matter of illiquid assets — namely publicly traded and non-publicly traded securities and stocks. Both Heisman and Danforth note that if someone wanted to give 100 shares of stock to a nonprofit directly, the nonprofit would need to pay commissions and not get the full amount that the shares are worth. However, through a DAF, the DAF provider can liquidate the securities and grant the full monetary amount to the nonprofit.
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- Companies:
- Charity Navigator
- Fidelity Investments
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Joe Boland
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