Tag Archives: DAFs

Strange Math

Here’s the world’s simplest math problem.

My wife Pat and I often meet a pair of friends for a movie. If there’s a risk that the show will sell out, I run over to the theater ahead of time and buy all four tickets in advance. When our friends arrive, we hand them their tickets and they pay us back what they owe us.

So the question is this: how many tickets did the movie theater sell?

Four, of course.

But in the parallel universe of donor-advised funds (DAFs), where double-counting comes as naturally as breathing and dissembling, the answer would be six.

Let me try to explain the inexplicable. Continue reading

Share this: Facebooktwittergoogle_plusredditlinkedintumblrmailFacebooktwittergoogle_plusredditlinkedintumblrmail

Partial Score

The late comedian George Carlin had a shtick back in the 1970s where he played a television sports anchor. With mock seriousness, he’d stare at the camera and say, “Here’s a partial score: Notre Dame 6.”

I thought of this as I read David Callahan’s perceptive interpretation in Inside Philanthropy of Silicon Valley Community Foundation (SVCF)’s recently-released sortable listing of its 2015 grants. Through this listing SVCF, the largest community foundation in the country, shares how much money it has distributed from donor-advised funds and its discretionary grantmaking programs, and it lists which organizations received the bounty. SVCF is clearly trying to show how vast and diverse its giving is, and the foundation implies that sharing its grant table is a great act of transparency. But SVCF only tells us part of the story – and the parts that are left unexplained underscore the inherent problems with donor-advised funds. Continue reading

Share this: Facebooktwittergoogle_plusredditlinkedintumblrmailFacebooktwittergoogle_plusredditlinkedintumblrmail