< 1 min read
May 4, 2015
Howard Husock discusses how donor-advised funds are "boon to philanthropy"-- in recent Nepalese disaster they allowed nonprofits to spring into action.
"In the days immediately after Americans learned of the devastating earthquake in Nepal, they began to send millions of dollars in donations to organizations prepared to put disaster-relief boots on the ground in that historic Himalayan kingdom.... A handful of umbrella organizations holding reserves of charitable funds for thousands of donors were able to direct that money to recommended relief organizations at the online direction of donors, with no checkbooks involved." -- Howard Husock, the Chronicle of Philanthropy