February 27, 2019
When the next recession hits, donor-advised funds are expected to help cushion the financial blow faced by nonprofits, even as other revenue sources decline, a new study finds.
The study — conducted by Dan Heist, a professor at the University of Pennsylvania, and Danielle Vance-McMullen, an assistant professor at the University of Memphis — used Internal Revenue Service data from 2007 to 2016 to analyze the grant making activity of donors who have funds at 996 donor-advised-fund sponsors.…