Charitable-gift Funds

The Chronicle of Philanthropy lists the largest charitable-gift funds this year in the United States.  The top four are an order of magnitude larger that the rest. With assets under management, they are:

Fidelity Charitable Gift Fund…………………………………..$3.10 billion

Vanguard Charitable Endowment…………………………….$1.01 billion

National Philanthropic Trust……………………………………..$551 million

Schwab Fund for Charitable Giving…………………………….$536 million

With new laws forcing the payout of at least 5% of the assets per year,  we should continue to try and tap these resources where the charity is designated one for health use or research.

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