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Stock impact report

Matching Gifts Key To Freeing Billions Stuck In Donor Advised Funds [Forbes]

Lyft, Inc. - Class A (LYFT) 
Last lyft, inc. - class a earnings: 2/11 04:05 pm Check Earnings Report
Company Research Source: Forbes
Americans have an estimated $251 billion stashed in these charitable accounts that could be put to work attacking problems like hunger, disease and poverty. Hard work is needed to move more DAF holders to stop procrastinating and donate more of that money now. It's not that DAF-holders are gaming the system in some way. There is no way for them to use the money in these accounts for their personal gain. But there is nothing in the laws that regulate DAFs – a minimum required annual distribution, for example – that pushes people to quickly give the money to charity. This week on Giving Tuesday one will see numerous efforts to inspire DAF holders to “liberate” funds to promote social good. This is part of a trend in which more online fundraising platforms and advisors are encouraging nonprofits to be explicit about asking potential contributors to “recommend a grant from your donor advised fund” and providing them with detailed information on how to do so. With hundreds of bil Show less Read more
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