Tuesday, June 11, 2019

New HistPhil Post: "Fairbairn v. Fidelity: The Lawsuit That Reflects Rising Concerns About The DAF Boom"

Samuel Brunson posted a week ago about an interesting new lawsuit against Fidelity Charitable and DAFs. Today, Brian Mittendorf has this interesting post in HistPhil blog: Mittendorf.3

The lawsuit features a philanthropic twist: the complaint centers not around how their own money was invested but rather around how the money they donated to charity was handled. This twist provides a window into the evolving and rapidly expanding use of once-niche giving vehicles – donor-advised funds – and in doing so highlights the philanthropic minefield they present.

Read the rest here.

-Joseph Mead


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