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When Donor-Advised Funds Trump Private Foundations

11/25/2013


 
When Brooklyn couple Norm and Elaine Brodsky wanted to help their favorite charities, they used to write personal checks. As those checks carried more zeros, however, their UBS AG financial advisor suggested they set up a formal structure and giving plan.
 
So in 2008 Norm, now 70, and Elaine, now 65, created the “Brodsky Foundation”–which isn’t (despite its name) a private foundation but a donor-advised fund.

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Broward County Inspiring Philanthropy over 25 years