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The Philanthropy Network Newsletter

Commentary on fundraising, income inequality, and the world of philanthropy. And maybe some other stuff too.

Newsletter · By Brad Smith · Official site

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Jul 23, 2026
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  1. Issue · Jul 23, 2026

    The Twenty Five Year DAF (opens the original)

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    Yesterday I had breakfast with a financial advisor I respect and have known for over 30 years. He’s got a great reputation, works with high net worth clients, and is the kind of person other advisors point to as doing things the right way.He described a standard move when a client has a large liquidity event, a business sale, an IPO, an inheritance: His firm creates a donor advised fund. But then he shared the punchline: He works with the donor to schedule pre-determined distributions over a per

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