Amidst all the uncertainty around the fate of the charitable deduction, marginal tax rates, and capital gains taxes, something happened with the major national donor-advised fund (DAF) managers. Schwab Charitable, for example, reported a tripling of contributions and a doubling of new donor-advised fund accounts in the fourth quarter of 2012 compared to the same period of 2011. Distributions from the new accounts weren’t quite as robust, but still surpassed the fourth quarter in 2011 by 70 percent. Schwab Charitable President Kim Laughton added that the new accounts created in 2012 would probably lead to a higher level of distributions in 2013.
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