August 18, 2005
Charity Official Questions Ethics of Fees Paid to Financial Advisers
A fund raiser at a Philadelphia cancer organization has roiled the charity world as he campaigns against what he calls "blatantly unethical" fees paid to financial advisers who set up donor-advised funds.
Bruce Makous, a major gifts and planned-giving officer at the American Association for Cancer Research, says that many stockbrokers, money managers, and other financial advisers have a conflict of interest because they earn fees by steering donors to the funds, particularly those
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