July 11, 2010
Charities Can Expect More Money to Flow From Donor-Advised Funds
The amount of money held by donor-advised funds is growing fast, even amid the challenges caused by the volatile stock market and the large sums donors take out of the accounts to give to nonprofit groups.
Over the five-year period ending in 2009, The Chronicle study found that assets held in donor-advised funds at 64 organizations grew from $13.48-billion to $16.86-billion, adjusted for inflation.
During that same five years, the U.S. stock market declined
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