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The following article is cross-posted from Alliance magazine blog. Based out of the UK, Alliance magazine is the leading global magazine on philanthropy and social investment.
Donor advised funds (DAFs) are a growing segment of philanthropy.
On the other side of the Atlantic, DAFs have been in existence since the 1930s and have combined assets of more than $80bn in assets under management. They have attracted high profile donors including Mark Zuckerberg and Priscilla Chan who gave away $1bn worth of Facebook shares to the Silicon Valley Community Foundation.