“Remarkably, DAFs allow a wealthy individual to claim tax relief as soon as assets are donated to the fund, without being under any formal obligation to pay out that money to a charity within a fixed time. Assets can accrue value tax-free within the fund and philanthropic decision-making can be deferred to succeeding generations, in theory indefinitely.”

#art #artMarket #charity #taxEvasion #donorAdvisedFunds #daf

https://www.theartnewspaper.com/2023/05/24/dafs-charitable-scheme-is-proving-a-big-hit-with-donors

It may be an old article about Elon Musk's charitable donations and the call for revisiting the #DonorPrivacy policies, but that made me curious what is your #opinion on the proposed bill regulating the #DonorAdvisedFunds? I am reading article defending both sides and both sides have reasonable arguments. But how we fight against bad actors in #philanthropy
This is the article on donor privacy policies https://www.philanthropyroundtable.org/elon-musks-philanthropy-and-donor-privacy/