Donor-advised funds can make a meaningful impact in Asia

In a commentary, SMU Professor of Law Tang Hang Wu explained what is donor-advised funds (DAFs), its benefits and how it can make a meaningful impact in Asia. He opined that a DAF provides a structured and cost-efficient vehicle that democratises philanthropy and identifies societal needs that are underfunded, and hopes that there would be more properly governed Asian DAFs set up, with high payout rates to charities to tackle difficult domestic and pressing transnational problems of our time, like climate change.

The Business Times