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Silent Donor: Anonymous giving on rise amid privacy debate

Silent Donor is flourishing just as the privacy debate for contributors heats up, especially for those using donor-advised funds to anonymously give to their favorite, and sometimes controversial, causes while also getting a tax break. In November, the IRS proposed new regulations to govern donor-advised funds, including changing what services can be considered tax-exempt and imposing a 20% excise tax on donations that provide a significant to the donor. Public comment on the new regulations wil...
United States Malala Yousafzai Christie Herrera Tim Sanders Chuck Collins Anondo Fund
Source: lexch.com

Silent Donor platform offers anonymous donations to the mainstream, as privacy debate rages

Tim Sanders started his company, Silent Donor, based on his own experience giving money to charities. “I was happy to give a financial gift to a nonprofit, but then afterwards I was kind of put off with the amount of mail that was sent to my house,” he said. Silent Donor -- which allows people to give anonymously by routing donations through The AnonDo Fund, a donor-advised fund approved as a nonprofit by the Internal Revenue Service in 2022 – has grown quickly.
United States Christie Herrera Malala Yousafzai Tim Sanders Chuck Collins Associated Press
Source: yahoo.com

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Silent Donor platform offers anonymous donations to the mainstream, as privacy debate rages

Silent Donor is flourishing just as the privacy debate for contributors heats up, especially for those using donor-advised funds to anonymously give to their favorite, and sometimes controversial, causes while also getting a tax break. In November, the IRS proposed new regulations to govern donor-advised funds, including changing what services can be considered tax-exempt and imposing a 20% excise tax on donations that provide a significant to the donor. Public comment on the new regulations wil...
United States Chuck Collins Tim Sanders Malala Yousafzai Christie Herrera Institute For Policy
Source: kob.com

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