Silicon Valley Community Foundation’s assets surged in 2017. It won’t say why
San Francisco Chronicle
Unlike private foundations, which generally must distribute at least 5 percent of their investments each year to operating charities, there is no grant-making requirement for donor-advised funds. Critics call them rest stops for charity dollars. Brian Mittendorf, an accounting professor at Ohio State University, said it’s “crazy” that large sponsors of donor-advised funds “are not subject to the same disclosure requirements that private foundations are.”
February 23, 2018