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The Rise Of The Monster DAFs

For nearly a hundred years, private foundations have been the big guns of warehouse-style philanthropy, raking in billions from their high-rolling founders and doling out grants piecemeal to grateful nonprofits. But over the past two decades, donor-advised funds, particularly those affiliated with for-profit financial institutions (such as Fidelity, Goldman and Schwab), have been rapidly and relentlessly eating into the charitable giving pie. Rising like monsters from the deep, DAFs have finally caught up with foundations as the wealthy donor’s charitable warehousing vehicle of choice — and are poised to eclipse them in just a matter of years. It was already hard enough for working charities to compete with foundations for the largess of wealthy donors.

Google Critic Ousted From Google-Funded Think Tank

By Emily Wells for Truth Dig - The New York Times reported on Wednesday that the New America Foundation, an influential Washington think tank that has received $21 million from Google, fired a scholar, Barry Lynn, over criticism of the tech giant, in the form of a blog post praising the European Union’s penalty against Google: Mr. Schmidt, who had been chairman of New America until 2016, communicated his displeasure with the statement to the group’s president, Anne-Marie Slaughter, according to the scholar. The statement disappeared from New America’s website, only to be reposted without explanation a few hours later. But word of Mr. Schmidt’s displeasure rippled through New America, which employs more than 200 people, including dozens of researchers, writers and scholars, most of whom work in sleek Washington offices where the main conference room is called the “Eric Schmidt Ideas Lab.” The episode left some people concerned that Google intended to discontinue funding, while others worried whether the think tank could truly be independent if it had to worry about offending its donors.
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