Press Release

In response to numerous articles in which some media outlets have mischaracterized the intent and impact of donor advised funds, the Council on Foundations released a joint statement from interim president and CEO Gene Cochrane and Javier Alberto Soto, chair of the Council’s board of directors and CEO and president of The Miami Foundation.

The Council on Foundations on Tuesday lauded the introduction of the Workforce Development Through Post-Graduation Scholarships Act by Representatives Darin LaHood (R-IL) and Terri Sewell (D-AL). The bill would allow charitable foundations to administer post-graduation scholarship programs to combat “brain drain,” stimulate regional economic growth, and help address the growing student debt crisis.