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    Common DreamsTo inform. To inspire. To ignite change for the common good.

    donor advised funds

    Acting AG Todd Blanche And FBI Director Kash Patel Hold Justice Department Press Conference

    Donor-Advised Funds Banning the Southern Poverty Law Center Threaten Democracy

    The actions of these DAFs directly undermine democracy by excluding a group the administration has targeted and potentially denying funding to other targeted groups.

    Paul Rogat Loeb
    May 22, 2026

    We know the Trump Department of Justice has threatened individuals they consider political opponents. Echoing authoritarian regimes worldwide, they’re now indicted Southern Poverty Law Center, or SPLC.

    In response, major Donor-Advised Funds (DAFs), including Vanguard, Fidelity, and Schwab, have prevented clients from donating to SPLC, cutting the organization off from funding without even a shred of due process. If the DAFs follow this precedent, it could eliminate a key source of funding for any nonprofits this—or any future—administration chooses to attack.

    Keep ReadingShow Less
    Opinion
    southern poverty law center
    Two wealthy donors clap at a gala.

    Real-Life Scrooges Are Hoarding Charitable Donations in Foundations and Funds

    Current rules enable wealthy donors to bank their tax break immediately, but the donated funds may remain sidelined for decades.

    Chuck Collins
    Bella DeVaan
    Dec 05, 2024

    For as long as we can remember, the end of the calendar year has marked the start of America’s giving season.

    The holidays that light up our darkest months also invite us to celebrate (and practice!) generosity. Food banks, youth groups, arts and civic organizations, and community service programs heavily depend on the support they receive in November and December.

    Keep ReadingShow Less
    Opinion
    donor advised funds
    The Wall Street Bull

    For Wall Street-Fueled Philanthropy Industry, Every Day Is Giving Tuesday

    "The financial industry aggressively markets DAFs for uncharitable reasons: advantages as tax avoidance vehicles, especially for complex assets; no payout requirements—and secrecy to donors and grantees alike," said one of the report's authors.

    Eloise Goldsmith
    Dec 03, 2024

    A new report released on this year's philanthropic holiday known as Giving Tuesday details how the "profit motives of the financial services sector have increasingly and disastrously warped how charitable giving functions."

    The analysis by the Institute for Policy Studies—titled "Gilded Giving 2024: Saving Philanthropy from Wall Street"—shows how donor-advised funds (DAFs) increasingly serve the economic interests of donors and the Wall Street firms that manage the funds, rather than the interests of nonprofit charities.

    Keep ReadingShow Less
    News
    donor advised funds
      A volunteer attends a Feeding America event

    Simple Charity Reforms Could Unlock Hundreds of Billions for Nonprofit Sector

    An estimated $1.7 trillion in donations, ostensibly earmarked for philanthropy, are currently languishing in private foundations and donor-advised funds—while charities like Feeding America and Habitat for Humanity are under-resourced.

    Julia Conley
    Aug 09, 2024

    Thanks to outdated charity tax laws, the U.S. is missing out on hundreds of billions of dollars that could flow toward housing and food security, health research, education, advocacy, and other crucial nonprofit efforts aimed at uplifting the common good—but simple reforms could unlock some of the extreme wealth that is currently "warehoused" in private foundations and donor-advised funds.

    This is according to a new Institute for Policy Studies analysis that shows charitable groups currently hold an estimated $1.7 trillion in donations that are "ostensibly earmarked for philanthropy," but are able to "languish in go-between funds" while working charities remain under-resourced.

    Keep ReadingShow Less
    News
    charity
    A still from the He Gets Us Super Bowl commercial.

    Jesus Didn’t Teach Hate, But the Group Behind the ‘He Gets Us’ Super Bowl Ads Funds It

    Over the last five years the Servant Foundation has become the main identifiable source of funding for Alliance Defending Freedom, described as an anti-LGBTIQ hate group by the Southern Poverty Law Center.

    Sydney Bauer
    Diana Cariboni
    Feb 13, 2024

    A U.S. nonprofit that aired two ads during Sunday’s Super Bowl attempting to rebrand Jesus for Gen Z is also the main funder of a designated hate group opposing abortion and LGBTIQ rights, openDemocracy can reveal.

    The Servant Foundation has plunged millions of dollars into its “He Gets Us” ads, which paint Jesus as an “influencer” who was “cancelled” for standing up for his beliefs. The controversial adverts were shown at the Super Bowl for the second year running and have been plastered across billboards in the United States over the last year.

    Keep ReadingShow Less
    Opinion
    lgbtq
    Two wealthy donors clap at a gala.

    It’s Time to Move the Money out of Donor-Advised Funds

    Because DAFs have no payout requirement, the money often fails to move in a timely way to charities addressing urgent needs.

    Helen Flannery
    Sep 09, 2023

    Last year, we wrote about how donor-advised funds, or DAFs, had become the top recipients of charitable giving in the United States. At the time, we were astounded to discover that DAF sponsors made up 6 of the top 10 and 9 of the top 20 most successful public-charity fundraisers in the country.

    We’ve updated the data for 2021—the most recent year for which complete data is available—and the picture has only gotten more stark. Donor-advised fund sponsors now make up 7 of the top 10 and 11 of the top 20 public charities in the United States.

    Keep ReadingShow Less
    Opinion
    donor advised funds
    Leonard Leo

    How Does Leonard Leo Hide All His Right-Wing Dark Money? Here's One Way

    Newly released tax filings by Schwab Charitable—one of the nation's largest sponsors of what are called donor-advised funds—offers another major piece of information on how this "dark money" moves.

    Dan Petegorsky
    May 06, 2023

    Conservative legal activist Leonard Leo has gotten a lot of attention for his work to reshape the U.S. judicial system.

    Ever since the summer, when he landed the biggest political advocacy donation in U.S. history (see ProPublica’s “How a Secretive Billionaire Handed His Fortune to the Architect of the Right-Wing Takeover of the Courts”), Leo has featured in story after story on the ways in which secretive funding from ultra-wealthy donors has shaped the courts and public policy. ­

    Keep ReadingShow Less
    Opinion
    dark money
    See More

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