August 20, 2009
Dwindling Reserves
Declines in new gifts serve as bleak omens for donor-advised funds in 2009
Set aside money during good times, and it will be there to give away at your leisure — including when charities are in greatest need. That has always been one of the top pitches for donor-advised funds, and the deep recession of 2008-9 is providing a tough test of whether that selling point will hold true.
A new Chronicle survey of 95 of the nation's biggest donor-advised funds found that donors did in fact distribute generously from their funds during the 2008
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