TY  - JOUR
AU  - Andreoni, James
TI  - The Benefits and Costs of Donor Advised Funds
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 23872
PY  - 2017
Y2  - October 2017
DO  - 10.3386/w23872
UR  - http://www.nber.org/papers/w23872
L1  - http://www.nber.org/papers/w23872.pdf
N1  - Author contact info:
James Andreoni
Department of Economics
University of California, San Diego
9500 Gilman Drive
La Jolla, CA 92093-0508
Tel: 858/534-3832
Fax: 858/534-7040
E-Mail: andreoni@ucsd.edu
M1  - published as James Andreoni. "The Benefits and Costs of Donor-Advised Funds," in Robert A. Moffitt, editor, "Tax Policy and the Economy, Volume 32" University of Chicago Press (2018)

M3  - presented at "Tax Policy and the Economy", September 14, 2017
AB  - Donor Advised Funds (DAFs) are now a major source of charitable donations in the US, responsible for 1 in 10 dollars donated to charity in 2015. In 2016, Fidelity Charitable, whose only mission is to provide DAFS, became the largest charity in the US. Paradoxically, most people have never heard of DAFs or Fidelity Charitable. This leads us to ask, who uses DAFs and why, what is the impact of government tax policy toward DAFs, and could the extra fiscal cost of subsidizing DAFs be balanced out by an extra public gain of new charity resulting from tax policy toward DAFs?
ER  -