Charity Funds Take Off as Tax Law Reshapes Giving

Mony
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U.S. taxpayers late last year poured money into charitable-giving vehicles known as donor-advised funds that allow immediate deductions and gradual distributions to nonprofits, a sign that the new tax law could reshape how Americans give away money for years to come.

Americans were trying to make their donations before the new year, when, for tax purposes, giving became less advantageous for many households. So many turned to donor-advised funds run by local nonprofits and some entities affiliated with big money-management…

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