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
"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."
Click here to read the full article
Donor-Advised Funds Reshape the Philanthropy Landscape
The Chronicle of Philanthropy
October 27, 2016
By Alex Daniels and Drew Lindsay
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."