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Yes, the money can sit in a DAF almost forever, but the original donation or any proceeds from the DAF can not be used for anything BUT charitable purposes. Th
by zie 4y ago
Yes, the money can sit in a DAF almost forever, but the original donation or any proceeds from the DAF can not be used for anything BUT charitable purposes. The money WILL eventually end up put to work for a charitable purpose.
A DAF *IS* a non-profit itself. It's bound legally to only disperse the funds to other charitable purposes.
So your entire complaint is, the donor gets the tax write off the day they donate it to a DAF, but the funds in the DAF might take a while before getting put to work for a charitable purpose?
Why is that a bad/terrible thing?