Unveiling the Mystery: The Secret $10 Billion Charity
The SDG Impact Fund, a donor-advised fund focused on supporting the United Nations Sustainable Development Goals, has experienced rapid growth, reaching $10 billion in assets in 2021. The fund's surge in assets, potentially fueled by the rise of cryptocurrencies and digital art assets, has raised concerns among philanthropy and tax experts due to the lack of transparency regarding the source of donations and how the funds are being used. Donor-advised funds have become powerful forces in philanthropy, allowing donors to receive immediate tax deductions while delaying charitable contributions indefinitely. Critics argue that this practice can lead to ethical issues and tax avoidance. The SDG Impact Fund's recent filings raise questions about its purpose and the extent to which its assets are being directed towards charitable causes.