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Stock impact report

Why donor-advised funds are surging in popularity [Globe and Mail, The (Toronto, Canada)]

Bank of America Corporation (BAC) 
Last bank of america corporation earnings: 4/15 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.bankofamerica.com
Donor-advised funds have been around for decades in Canada, but data show the charitable-giving vehicles have gained significant traction in recent years. A recent report from Toronto-based research firm Investor Economics says the value of donor-advised funds in Canada grew at a compound annual rate of 14.3 per cent between 2016 and 2018, to $5.7-billion from $4.4-billion. There was a 35-per-cent increase in the number of donor-advised funds set up at various foundations over the two-year period, the report shows, and a steady rise in donations to new and existing funds. The value of donor-advised funds is projected to grow to about $10-billion by 2026, according to the research done by Keith Sjogren, senior consultant and managing director, consulting services, at Investor Economics, as more funds are expected to be set up and investors continue donating to charities. Mr. Sjogren says increased awareness of donor-advised funds, including from advisors recommending the philant Show less Read more
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