Discover and read the best of Twitter Threads about #ab2936

Most recents (1)

CA's #nonprofits⁠—our clinics, shelters, food banks, senior centers & more⁠—are on the #COVID19 frontlines. Their services are needed now more than ever.

But they're struggling to raise what they need to serve.

Thread on why #DAFs must step up to help —nytimes.com/reuters/2020/0…
What's a donor-advised fund (#DAF)?

As @hasanminhaj explains—they're one of the fastest growing vehicles for charitable giving in the US.

They're appealing bc when you give to a DAF, you take the tax break now—w/out any legal requirement of $ to go to nonprofits. Indefinitely.
DAFs are exploding in popularity—almost *tripling* in total assets since 07.

A *huge* sum of donations go to DAFs. But unlike donations to private foundations, DAFs are *not* legally required to donate a min amount to charities—they get a tax break, w/out having to spend a dime.
Read 10 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!