Nonprofits: Know Your Donor’s Asset Origination

Nonprofits: Know Your Donor’s Asset Origination

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One comment

  1. Dear Mr. Ortner and colleagues, regarding the case study kindly included in the article, I understand that a criminal donor would receive an immediate tax deduction and that the scheme would create layers between the illegitimate source of funds and him, but I am not clear about how this individual plans to benefit efficiently from the ill-gotten funds. So far, the example suggests that the only benefit is the tax deduction.

    Could anyone please elaborate on how a criminal donor can benefit from the scheme described considering that the DAF does not belong exclusively to him and is managed by a financial institution and that the foundation receiving a grant from the DAF is not under the control of this bad actor?

    Thanks in advance and my apologies if the question has an obvious answer.

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