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Donor-Advised Funds: Flexible, Efficient Donor-Centric PhilanthropyDonor-Advised Funds: Flexible, Efficient Donor-Centric Philanthropy

Rebutting the critics.

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Edward Jay Beckwith, Donald Kentand 1 more

September 24, 2020

15 Min Read
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Donor-advised funds (DAFs) have dramatically grown in popularity and significance in recent years.1 First used in the 1930s as described below, DAFs have become the most flexible, least complicated and most economical way for many donors to irrevocably dedicate their resources to charity and yet retain an advisory role in how those resources are eventually deployed. Simply put, a DAF is a designated fund at a sponsoring organization (SO) that’s been recognized for federal tax purposes as a public charity. The donor or the donor’s designee has the privilege of making nonbinding grant recommendations to the SO.2

Impactful philanthropists don’t just give, they engage. While there are many ways for donors to be actively engaged, the act of co...

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About the Authors

Edward Jay Beckwith

Partner, BakerHostetler

Edward Jay Beckwith is a partner with BakerHostetler LLP in Washington, D.C. He leads the firm’s Tax-Exempt and Charitable practice team and for 37 years has served as an adjunct tax professor at the Georgetown University Law Center.

Donald Kent

Principal & Financial Advisor, Bernstein

Donald Kent is a Principal and Financial Advisor in Bernstein’s private client group for the past 20 years. He designs comprehensive strategies for high-net-worth families, working closely with their professional advisors, including wealth transfer techniques and tax-wise charitable giving. 

Steven Woolf

Senior Tax Counsel, The Jewish Federations of North Americ

Steven Woolf is Senior Tax Counsel at The Jewish Federations of North America. In his position he is the chief lobbyist on tax and charitable giving issues for JFNA and works closely with the endowment professionals throughout the federation system on planned giving issues.

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