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Shedding Light on DAFs: Pros & Cons of New Legislation
August 26, 2019

The transparency of donor-advised funds has been the subject of much scrutiny, debate, and now in California, pending legislation. Become informed about the proposed legislation and both sides of the debate in an upcoming program offered by Candid West in San Francisco this Thursday, August 29th. You can also participate remotely via livestream.

The California Association of Nonprofits recently helped introduce California bill AB 1712, which would mandate greater transparency around donor-advised funds (DAFs) through annual reporting requirements, promoting best practices, and requiring minimum annual distributions. Opponents, however, say it violates the privacy of the individual fund donors, as well as fund advisors who make grant recommendations.

Come join us and co-sponsor, Northern California Grantmakers, for an in-depth discussion of the pros and cons of this bill between interested parties, including Cal Nonprofits, Fidelity Charitable and the League of California Community Foundations. It’s an issue of critical concern to the social sector. Contributions to DAFs rose 16.5% from 2016 to 2017, and grants from donor-advised funds to qualified charities increased nearly 20% during the same period.

Register or learn more here.

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About Transparency Talk

  • Transparency Talk, the Glasspockets blog, is a platform for candid and constructive conversation about foundation transparency and accountability. In this space, Foundation Center highlights strategies, findings, and best practices on the web and in foundations–illuminating the importance of having "glass pockets."

    The views expressed in this blog do not necessarily reflect the views of the Foundation Center.

    Questions and comments may be
    directed to:

    Janet Camarena
    Director, Transparency Initiatives
    Foundation Center

    If you are interested in being a
    guest contributor, contact:
    glasspockets@foundationcenter.org

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