New red tape will slow philanthropy’s response to crises

Published November 19, 2022 12:00am ET



Charities across the country are grappling with rising demand for services stemming from the pandemic, rising inflation rates, and natural disasters such as Hurricane Ian. They are also striving to maintain service levels despite high prices of food, goods, and gas that raise operating costs.

The good news is that philanthropic dollars are flexible enough to meet both immediate and long-term needs, but that flexibility will disappear if donors are forced by Congress to accelerate the disbursement of their gifts through donor-advised funds, a popular giving vehicle.

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