CUA Law Professor Roger Colinvaux was quoted in The American Prospect and Chronicle of Philanthropy regarding the rise of donor advised funds. He also has a forthcoming paper on the same topic. See Below.
Is Wall Street Taking Over Charity?
The American Prospect
October 28, 2016
By Caroline Preston
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"I tend to look at the commercial DAFs as really being a conduit and a way to delay charitable spending," says Roger Colinvaux, a law professor with Catholic University's Columbus School of Law, who calls for a payout rule for DAFs in a new paper. "I don't think they're necessarily good or necessarily bad," he says, and "if donors want to use them, terrific. … But let's just make sure the money is spent within a reasonable time and not saved."
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Donor-Advised Funds Reshape the Philanthropy Landscape
The Chronicle of Philanthropy
October 27, 2016
By Alex Daniels and Drew Lindsay
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Watching the value of their donor-advised accounts rise, Americans can get the false sense that they are building a Rockefeller-like philanthropy, according to Roger Colinvaux, a professor at the Catholic University of America's Columbus School of Law. That's by design, he asserts. Marketing by fund sponsors encourages wealth accumulation, not giving to charity, he says: "Donor-advised funds are being conceptualized as vehicles for saving and not as vehicles for spending."
But Mr. Colinvaux of Catholic University says a slick online interface won't necessarily juice overall giving. He believes easy-to-use websites can turn charitable giving into a purely transactional exercise. An increase in giving, he says, is more likely to come from the heart: "We're hard-wired for a lot of other reasons to give."