AI boom sparks charitable giving: Here's what to know

A donor advised funds have quickly become a favorite of charitable givers. Assets held in so-called DAPs are now over $320 billion. That's nearly doubling since 2020.They allow donors to give money or shares to a fund, take an immediate tax deduction, and recommend grants or charities over a longer period of time. Now, the AI boom is creating a new surge in donor funds, especially using private company shares. Daff Giving 360, that's the nonprofit affiliated with Charles Schwab, said threearters of all gift ...