Tuesday, November 20, 2007
Donor-advised funds gaining - InvestmentNews
Donor-advised funds gaining - InvestmentNews: "The use of donor-advised funds is on the rise. Assets in the popular charitable-giving vehicle increased 23.4% to $21.6 billion last year, according to the National Philanthropic Trust, a Jenkintown, Pa.-based independent public charity that promotes philanthropy. The number of new accounts, meanwhile, jumped 7% to 107,250, the company said."