Financial Secrecy

Commercial DAF sponsors are squirreling away money intended for charities at a greater clip than they're giving it away.

The IRS just released two years of long-awaited nonprofit tax filings. We found an enormous jump in DAF-to-DAF giving.

The United States' astronomical levels of economic inequality are poised to become further entrenched in the coming years.

Secretive funding from ultra-wealthy donors has shaped the courts and public policy. Here's how one donor-advised fund has facilitated that.