全球智库信息集成服务系统(G2TT): Calculating DAF Payout and What We Learn When We Do It Correctly

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w27888
来源ID	Working Paper 27888
	Calculating DAF Payout and What We Learn When We Do It Correctly
	James Andreoni; Ray Madoff
发表日期	2020-10-05
出版年	2020
语种	英语
摘要	The tremendous increase in the use of donor-advised funds for charitable donations has led policy-makers to ask if there is sufficient regulation and oversight of DAFs. In the absence of account level reporting, the debate has focused on the average payout rates of DAF sponsoring organizations, which have been reported by the DAF industry to exceed 20%. We show that the industry-preferred method for calculating payout rate overstates the correct payout by more than 50%. We then argue that the flow rate is uninformative unless grounded in the stock of assets held by the DAF sponsor. We suggest a different measure of flow we call the stockpiling rate. Finally, we show that transfers between DAFSs cause DAF grants to be overstated. Reporting transfers separately would allow a more precise estimate of flow.
主题	Public Economics ; Taxation ; Public Goods
URL	https://www.nber.org/papers/w27888
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/585561
推荐引用方式 GB/T 7714	James Andreoni,Ray Madoff. Calculating DAF Payout and What We Learn When We Do It Correctly. 2020.