The second part of the series "Saving Philanthropy" emphasizes the urgent need for foundations and donor-advised funds (DAFs) to enhance their contributions to nonprofits amid declining federal funding and increasing challenges. DAFs, which saw a jump from 4% to 27% of total giving from 2008 to 2022, are under scrutiny for not fully utilizing their assets. However, some leaders like the MacArthur Foundation are stepping up by exceeding legal payout mandates, showcasing a commitment to sustaining nonprofit operations against a backdrop of political instability.
In a time when nonprofits are scrounging for donations, foundations and donor-advised funds (DAFs) must ensure effective use of their substantial assets to support these organizations.
Foundation leaders like those at MacArthur and Freedom Together are setting stricter payout rates to meet pressing needs — increasing their giving and providing essential support to struggling nonprofits.
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