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More tech millionaires are using donor-advised funds for tax savings and giving

Cnbc · · 482 words · By Robert Frank
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What to know about More tech millionaires are using donor-advised funds for tax savings and giving

The surge in IPOs and valuations for private tech companies is creating a secondary boom in donations of shares to donor-advised funds, or DAFs, according to a new study.

Claims checked 10
Techniques found 0
Topics 0

Coverage spectrum

Coverage gap: Low Left coverage
Left0%
Center88%
Right12%

8 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

The surge in IPOs and valuations for private tech companies is creating a secondary boom in donations of shares to donor-advised funds, or DAFs, according to a new study.

Why it matters

Three quarters of the gifts to DAFgiving360 over the past 12 months were noncash assets, according to the donor-advised fund, which is affiliated with Charles Schwab.

Common ground

Noncash assets include everything from shares in public and private companies to real estate, art and collectibles, crypto and other holdings.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

open_in_new Read the original article: https://www.cnbc.com/2026/08/03/tech-millionaires-donor-advised-funds-tax-saving…

fact_checkClaims Checked

eFinder analyzed this article and checked 10 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

info Single Source 4
check_circle Corroborated 3
help Insufficient Evidence 2
cancel Disputed 1
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Claim 1: “Some private companies restrict or ban the donation of their private shares to charities or trusts.”
INSUFFICIENT EVIDENCE
No evidence was found in the search results regarding private company restrictions on donating shares to charities or trusts.
info
Claim 2: “The SpaceX initial public offering earlier this year”
SINGLE SOURCE
The provided evidence consists of Wikipedia and general descriptions of SpaceX, but none of the sources confirm that SpaceX had an initial public offering (IPO) 'earlier this year'.
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web search NEUTRAL — SpaceX - Wikipedia
https://en.wikipedia.org/wiki/SpaceX
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web search NEUTRAL — Jul 24, 2026 · SpaceX designs, manufactures and launches advanced rockets and spacecraft. The company was founded in 2002 to revolutionize space technology, with the ultimate goal of enabling people t…
https://www.spacex.com/
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web search NEUTRAL — Aug 8, 2026 · SpaceX designs, manufactures and launches advanced rockets and spacecraft. The company was founded in 2002 to revolutionize space technology, with the ultimate goal of enabling people to…
https://www.spacex.com/launches
info
Claim 3: “DAFs seek to sell noncash assets given to the fund within six months.”
SINGLE SOURCE
While sources discuss the ability of DAFs to process noncash assets, none of the provided evidence mentions a specific 'six-month' timeframe for liquidation.
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web search NEUTRAL — Leveraging the appreciation of assets such as real estate or stock to make noncash charitable contributions can help maximize your impact and reduce your taxes.DAFs generally have more resources than …
https://www.schwab.com/learn/story/noncash-charitable-contri…
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web search NEUTRAL — Additionally, donating noncash assets directly through a DAF allows the donor to potentially avoid capital gains tax on the appreciated portion of the asset, thereby increasing the amount available fo…
https://www.craincurrency.com/philanthropy/unlocking-hidden-…
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web search NEUTRAL — Gifting non-cash assets to Compassion International allows you to avoid taxes and receiving a charitable deduction.Compassion accepts gifts of grain as a donation. The funds received from the sale of …
https://www.compassion.com/estate-and-asset-giving/noncash-a…
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Claim 4: “DAFgiving360... is affiliated with Charles Schwab”
CORROBORATED
Multiple sources confirm the affiliation. One source states it is 'formerly known as Schwab Charitable' and has 'service agreements with certain subsidiaries of The Charles Schwab Corporation', and another refers to it as 'Schwab’s DAFgiving360 affiliate'.
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wikipedia NEUTRAL — United States of America v. Southern Poverty Law Center Inc. is a criminal case being brought against the Southern Poverty Law Center (SPLC) at the United States District Court for the Middle District…
https://en.wikipedia.org/wiki/United_States_v._Southern_Pove…
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wikipedia NEUTRAL — The Southern Poverty Law Center (SPLC) is an American 501(c)(3) nonprofit legal advocacy organization specializing in civil rights and public interest litigation. Based in Montgomery, Alabama, it is k…
https://en.wikipedia.org/wiki/Southern_Poverty_Law_Center
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web search NEUTRAL — Is DAFgiving360 part of Charles Schwab & Co., Inc.? DAFgiving360 is an independent public charity.DAFgiving360 is a tax-exempt public charity as described in Sections 501(c)(3), 509(a)(1), and 170(b)(…
https://www.schwab.com/donor-advised-fund?msockid=24cd19ac43…
+ 2 more evidence sources
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Claim 5: “Three quarters of the gifts to DAFgiving360 over the past 12 months were noncash assets”
DISPUTED
The claim states 'three quarters' (75%) of gifts were noncash assets. However, the evidence from a DAFgiving360 source explicitly states that 'Sixty-three percent of contributions to DAFgiving360 in fiscal year 2025 were in the form of non-cash assets'.
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wikipedia NEUTRAL — The Southern Poverty Law Center (SPLC) is an American 501(c)(3) nonprofit legal advocacy organization specializing in civil rights and public interest litigation. Based in Montgomery, Alabama, it is k…
https://en.wikipedia.org/wiki/Southern_Poverty_Law_Center
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web search NEUTRAL — DAFgiving360 donors granted a daily average of more than $24 million to charities.Sixty-three percent of contributions to DAFgiving360 in fiscal year 2025 were in the form of non-cash assets, such as …
https://www.businesswire.com/news/home/20250729506898/en/DAF…
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web search NEUTRAL — Non-cash asset gift options. The purpose of this next section is to highlight various assets you might donate to a DAF or other public charity.
https://www.dafgiving360.org/non-cash-assets/donate-your-inv…
+ 1 more evidence source
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Claim 6: “Donors who own shares of a private or public company that have gained value can gift the shares to the DAF without paying a capital gains tax on their sale.”
CORROBORATED
Multiple sources confirm that donating appreciated shares (public or private) to a DAF avoids capital gains tax on the sale of those shares.
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web search NEUTRAL — Donating long-term appreciated shares directly to a DAF avoids capital gains tax on the gifted shares entirely, while still allowing a full fair-market-value deduction. What is the 0.5% AGI floor for …
https://taxsharkinc.com/can-a-big-daf-gift-offset-an-ipo-win…
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web search NEUTRAL — Donating appreciated stock is tax-efficient. A DAF can be a useful wrapper. Neither makes charity free. The mechanics, the 2026 OBBB changes (0.5% AGI floor, 35% deduction cap, $1k/$2k non-itemizer ca…
https://summitward.com/learn/donate-stock-or-daf
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web search NEUTRAL — Avoiding Capital Gains Tax on Appreciated Securities. Gifting appreciated securities via a DAF leads to a two-fold tax advantage.Additionally, donors avoid capital gains tax on appreciated assets and …
https://pinellascf.org/tax-benefits-of-donor-advised-fund-co…
info
Claim 7: “Large DAFs, like those affiliated with Schwab, Fidelity and Vanguard, also have expertise valuing private shares and other assets.”
SINGLE SOURCE
The specific claim that Schwab, Fidelity, and Vanguard have expertise valuing private shares is mentioned in one web search result. Other results discuss these companies generally but not their specific valuation expertise for private assets.
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web search NEUTRAL — Non-cash assets include everything from shares in public and private companies to real estate, art and collectibles, crypto and other holdings.Large DAFs, like those affiliated with Schwab, Fidelity a…
https://netzender.com/more-tech-millionaires-are-using-donor…
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web search NEUTRAL — You've already figured out that traditional bank accounts are a bad deal for your cash. Now comes the harder question: Fidelity, Schwab, or Vanguard — which cash management account is actually right f…
https://www.youtube.com/watch?v=z0c_nOv0eHY
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web search NEUTRAL — Other restrictions may apply. Schwab reserves the right to change or terminate the guarantee at any time.The Charles Schwab Corporation provides a full range of brokerage, banking and financial adviso…
https://international.schwab.com/
info
Claim 8: “Julie Sunwoo, president of DAFgiving360”
SINGLE SOURCE
The search results for 'Julie Sunwoo' returned generic information about the name 'Julie', a band, and a utility service, but provided no information regarding a person named Julie Sunwoo or her role at DAFgiving360.
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web search NEUTRAL — Julie has perpetually been one of the most popular female names used in the United States. According to the United States' Social Security Administration, Julie was consistently in the top one-hundred…
https://en.m.wikipedia.org/wiki/Julie_(given_name)
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web search NEUTRAL — Julie (stylized in all lowercase) is an American rock band from Los Angeles, Callifornia. The lineup comprises vocalist-guitarist vocalist-guitarist Keyan Pourzand, vocalist-bassist Alex Brady, and dr…
https://en.m.wikipedia.org/wiki/Julie_(band)
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web search NEUTRAL — Contacting JULIE before you dig is a free service that could save you time, utility repair costs, and even your life. You can submit a Locate Request online or over the phone, 24 hours a day, 7 days a…
https://www.illinois1call.com/
help
Claim 9: “The deduction on the gift can also be used to offset capital gains taxes owed on shares they may sell.”
INSUFFICIENT EVIDENCE
No evidence was found in the search results specifically addressing the use of the gift deduction to offset capital gains taxes from other share sales.
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Claim 10: “The funds allow donors to make a charitable gift, take an immediate tax deduction, and decide later where and when to give the shares to a specific charity.”
CORROBORATED
Three independent sources (NPTrust, Valur, and another comparative guide) confirm that DAFs allow for an immediate tax deduction while deferring the decision on the final charity recipient.
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web search NEUTRAL — DAFs enable donors to claim an immediate tax deduction while deferring grant distributions over time. Donating appreciated assets reduces capital gains taxes, and the funds can be invested in a tax-ex…
https://pinellascf.org/donor-advised-funds-vs-traditional-ch…
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web search NEUTRAL — Immediate Tax Deduction: Donors receive a tax deduction in the year the contribution is made, regardless of when the funds are distributed to charities. Tax-Free Growth: Contributions to a DAF can gro…
https://learn.valur.com/dafs-oil-and-gas/
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web search NEUTRAL — Learn how donor-advised funds reduce taxes through deductions, tax-free growth, and donating appreciated stock, with examples that show how much more you can give.
https://www.nptrust.org/what-is-a-donor-advised-fund/daf-tax…
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.