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There are a number of issues raised in the article. The lobbying for secrecy that has just been passed. The misaligned incentives and subsequently even more lob
by throw2016 8y ago
There are a number of issues raised in the article. The lobbying for secrecy that has just been passed. The misaligned incentives and subsequently even more lobbying by the banking sector that gets huge management fees from DAFs. And the deceptive movement of funds from one DAF to another to give a misleading impression of disbursements per year. These are all games and have nothing to do with charity.
There are also other issues like the dollar tax benefits aligned to the high stock prices even though the stock today may be worth a fraction of its initial value, and the lack of transparency in disbursements which means funds can just be moved around with little accountability.