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October 29, 2015
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Mystery Money: the Art of Seeking Gifts From Donor-Advised Funds
ASK THE NEIGHBORS: American Technion Society, which supports the Technion-Israel Institute of Technology, gets a fourth of its private support from donor-advised funds. When it gets such a grant, it sends appeals to people who live in the same ZIP code as the donor.
As president of Fidelity Charitable, Amy Danforth presides over a massive pool of money that will eventually be steered to charity — so it’s natural that nonprofits often approach her for cash.
But the $14.9 billion in Fidelity’s more than...
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