July 11, 2010
After 2 Years of Tough Losses, Donor-Advised Funds Are Surging
Christopher Irion
Schwab Charitable Fund’s Kim Wright-Violich says many small foundations have converted to donor-advised funds.
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Christopher Irion
Schwab Charitable Fund’s Kim Wright-Violich says many small foundations have converted to donor-advised funds.
Many donor-advised funds are back in growth mode after two years of bruising losses during the economic downturn—making them a potentially stronger source of funds for nonprofit groups seeking donations.
Seventeen groups, nearly all of which have a fiscal year that ends in June, said in response to a new Chronicle survey that gifts to their donor-advised funds had increased from the 2009 to 2010 fiscal years.
The Community Foundation of Louisville, in
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