Looming Tax Hikes Boost DAFs - TheNonProfitTimes

Looming Tax Hikes Boost DAFs - TheNonProfitTimes: Looming Tax Hikes Boost DAFs - 12/17/2012
By Patrick Sullivan


It seems as if the words “fiscal cliff” can be seen everywhere. For most Americans, the impending tax increases and spending cuts are something over which to lose sleep, but tax uncertainty is fueling major growth for the donor advised fund (DAF) of San Francisco, Calif.-based Schwab Charitable. Between July and October 2012, Schwab Charitable saw its total assets under management increase by $188 million, or 74 percent, compared to the same period in 2011.