Perhaps some references from such dens of leftism like Bloomberg and the New York Times would help? https://www.nytimes.com/2018/08/03/business/donor-advised-f

Perhaps some references from such dens of leftism like Bloomberg and the New York Times would help? https://www.nytimes.com/2018/08/03/business/donor-advised-funds-tech-tax.html https://www.nytimes.com/2018/08/03/business/donor-advised-fu... https://www.bloomberg.com/news/features/2022-10-03/rich-use-tax-loophole-to-get-deductions-now-for-donating-later#xj4y7vzkg https://www.bloomberg.com/news/features/2022-10-03/rich-use-... Archived links: https://archive.ph/n1AQy https://archive.ph/n1AQy https://archive.ph/EPyJ2 https://archive.ph/EPyJ2 From the bloomberg article: "The Mercers and the Allenders are among a small but growing number of wealthy Americans who’ve discovered how to bypass rules designed more than a half-century ago to ensure philanthropists stay accountable for the billions of dollars in tax breaks they receive each year. The key is the donor-advised fund, or DAF, which is so flexible that charitable dollars can sit in one indefinitely, and so opaque that no one needs to know either way. ... In a study of more than 2,600 DAF accounts, the Council of Michigan Foundations found that the majority of donors paid out less than 5% of assets in 2020. More than one-third gave nothing to charity at all. The biggest sponsors of the funds have rebuffed calls to release that kind of account-level data, even as the number of accounts has swelled to more than 1 million. As of 2020, DAFs held almost $160 billion, an 85% increase in four years. Although the industry says it’s paying out more than one-fifth of its assets a year in aggregate, the reality is probably less: Some of the biggest recipients of grants from the funds are other funds, as donors shift money from one sponsor to another."