Fidelity, Vanguard Passed Along $4.2 Billion

As giving to donor-advised funds (DAF) continues to grow so does grant-making by the charitable giving vehicles. This week, Fidelity Charitable reported a record $3.5 billion in distributions on behalf of donors last year, a 15-percent increase compared to 2015. Vanguard Charitable reported distributing $686 million after a record $717 million in the previous year but the number of grants recommended grew 13 percent.

Source From Non Profit Times

Trump Wants To Kill Johnson Amendment On Political Speech

President Donald Trump has renewed his call to eliminate a rule that prohibits tax-exempt nonprofits, particularly churches, from making political endorsements. During remarks at the National Prayer Breakfast this morning, Trump invoked the words of Thomas Jefferson before saying he will “get rid of, and totally destroy, the Johnson Amendment and allow our representatives of faith to speak freely and without fear of retribution.”

Source From Non Profit Times