4 ms·
I'm not sure it's self-dealing. Self dealing constitutes a breach of the fiduciary relationship they have on behalf of another party[1]. If they're the donor,
by kareemm 8y ago
I'm not sure it's self-dealing. Self dealing constitutes a breach of the fiduciary relationship they have on behalf of another party[1]. If they're the donor, direct the DAFs funds, and are the principal in the hedge fund or charity, there's no fiduciary relationship on behalf of another party.
It may be fraud, but I'm not sure that's true either. In the hedge fund scenario I'm not how it'd be fraudulent. The money has to go back to the DAF at some point - the hedge fund is an investment vehicle.
In the charity scenario how is it fraudulent? I don't see it but could be missing something.
1- https://en.wikipedia.org/wiki/Self-dealing https://en.wikipedia.org/wiki/Self-dealing