The Chronicle of Philanthropy

Charity Official Questions Ethics of Fees Paid to Financial Advisers

By Holly Hall

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,...

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