In this paper, Kevin Murphy, President and CEO of the Berks County Community Foundation and the Council on Foundations’ first Foundation Leader in Residence, explores disruptions to the community foundation business model, the rationale of asset growth, and how changes in the local financial services field may force some fundamental changes on community foundations. Writing from his perspective, Kevin demonstrates that a new narrative is possible about growth and raises important questions regarding the business practices of community foundations.
Donor advised funds have been a part of the federal tax law of charity for nearly a century as a unique philanthropic tool. Because of the relatively small amount needed to start a DAF compared to assets needed to create a private foundation, DAFs serve as an opportunity for middle class Americans to pursue their philanthropy and to gain the benefit of the foundations’ expertise and experience in helping to guide their giving. Use these resources to learn more and gain valuable insight into managing and administering Donor Advised Funds.
These are a few examples of DAFs that are sparking tremendous change in their communities:
Larry Master, courtesy of Adirondack Foundation
In-Depth knowledge on Donor Advised Funds
Council analysis of IRS definition for charitable purpose of donor advised funds.