Anonymous ID: 11726c Jan. 7, 2020, 11:35 p.m. No.7749296   🗄️.is 🔗kun   >>9362 >>9416

Donor Advised Funds (DAFs) is a practice that some say is being used to dodge financial accountability in charitable endeavors.

 

Good Read: Google Billionaire Larry Page Has Given Billions To His Foundation, But Almost None Of It Has Gone Directly To Charity

 

"But what happens to the money once it hits those DAFs isn't a matter of public record, but is instead essentially a matter of trust that these funds will be used to benefit other non-profits. The money doesn't still belong to the philanthropist in question, but he or she can still exercise advisory control over it, and there is no legal requirement for these DAFs to disclose how much they give or to which organizations."

 

https://www.celebritynetworth.com/articles/billionaire-news/google-billionaire-larry-page-has-given-billions-to-his-foundation-but-almost-none-of-it-has-gone-directly-to-charity/