Wednesday, July 26, 2006

Donor-advised funds take charity to new heights - MarketWatch

Donor-advised funds take charity to new heights - MarketWatch: "iving more than Buffett and Gates combined
Rise in donor-advised funds show others big on charity too

By Thomas Kostigen, MarketWatch
Last Update: 9:15 PM ET Jul 25, 2006

SANTA MONICA, Calif. (MarketWatch) - Donor-advised funds are on the rise, eclipsing the enormous giving efforts of Warren Buffett and Bill Gates -- combined.
Brokerages and mutual fund companies report more assets under management in these charitable giving programs. The Chronicle of Philanthropy reports that some $12 billion flows annually into charities from donor-advised funds, which are designed to act like foundations but require far less time and money to start."

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