Donors using Schwab Charitable, a large provider of donor-advised funds and other philanthropic services, gave 855,000 grants totaling $3.7 billion to more than 113,000 charities in the 2021 fiscal year ended June 30. That represented a 13% increase in dollars ...

Fidelity Charitable, an independent public charity and the nation’s largest grantmaker, said that its donors recommended a record $4.3 billion in grants in the first half of the year, 27% more in dollar terms than in the same period in ...

Legislation that would set a deadline for how long money intended for charitable giving can stay in donor-advised funds is drawing skepticism from financial advisers. Donor-advised funds have become a popular philanthropy tool because investors receive an upfront tax break ...