Summary: <p>Donor-Advised Funds (DAF) have become one of the fastest-growing vehicles for philanthropy over the past decade or more. They’ve also become a lightning rod in the debate about charitable giving.</p> <p>Some have gone so far as to call DAFs <a rel="noreferrer noopener" href="https://www.propublica.org/article/the-wall-street-takeover-of-charity" target="_blank">“The Wall Street takeover of charity”</a> while <a rel="noreferrer noopener" href="https://www.thenonprofittimes.com/news-articles/the-great-daf-debate-timing-of-payouts-continues-to-spark-discussion/" target="_blank">others have called for a change in how DAFs are regulated</a>. Commercial DAF accounts have seen billions of dollars of contributions each year and also seen increases in distributions year-over-year.</p> <p><a rel="noreferrer noopener" href="https://www.memphis.edu/padm/people/danielle-vance-mcmullen.php" target="_blank">Danielle Vance-MacMullen, Ph.D.,</a> and <a rel="noreferrer noopener" href="https://www.sp2.upenn.edu/people/view/dan-heist/" target="_blank">Dan Heist, Ph.D.,</a> tried to put DAF distributions in context over the past decade in their paper. They join the podcast to discuss “Understanding Donor-Advised Funds: How Grants Flow During Recessions.”</p> <div class="wp-block-image"></div> <div class="wp-block-image"></div> <p><a rel="noreferrer noopener" href="https://www.memphis.edu/padm/people/danielle-vance-mcmullen.php" target="_blank">Vance-MacMullen</a> is an assistant professor in Public and Nonprofit Administration at the University of Memphis. <a rel="noreferrer noopener" href="https://www.sp2.upenn.edu/people/view/dan-heist/" target="_blank">Heist</a> will be a professor at the University of North Carolina-Wilmington. A <a rel="noreferrer noopener"></a></p>
