Highlights

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donor-advised funds not only operate under a cloak of donor anonymity and bankroll anti-government and hate groups at more than three times the rate of other charitable sources, but there is also no requirement that the money is ever distributed to charities. This means wealthy individuals can get a charity-based tax break without actually participating in charitable giving.

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As of 2023, these funds held just under [55 billion was donated to charities through grants.

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donor-advised funds are contributing to the rise of dark money, which allows unlimited, untraceable funds from an elite few to flood the electoral system and shape US democracy.

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