We can blame the 1991 IRS (and George HW Bush) ruling for allowing Fidelity to open this door and create this monster pile of money. A conflict of interest started immediately – Fidelity and their clan of investment houses earn money on all the money in those DAFs. Remember “too big to fail” – this is the philanthropic version.
Continue Reading October 7, 2018 at 11:30 am Barbara Talisman, CFRE 1 comment
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