Philanthropy Roundup: March 2018

529 Plans for K-12 Tuition
Due to the Tax Cuts and Jobs Act of 2017, 529 plans are now eligible to be used for K-12 private school tuition.

If you’re a philanthropist, your schedule might make it hard to keep up with the latest news, topics and emerging trends in the world of giving back.

That’s why we’re making it easier for you to stay current.

Our “Philanthropy Roundup” posts highlight stories – at the local and national level – that are valuable to our readers and will keep you up to date in the world of philanthropy. Check out the articles below.

Philanthropy Roundup

Growth of Impact Investing Significant, But More Needed, Study Finds
Philanthropy News Digest
Although the field of impact investing has grown significantly over the past decade, it is still only generating a fraction of the impact needed to make a measurable difference in addressing the challenges facing the global community. The Roadmap for the Future of Impact Investing report outlines six areas in which immediate actions are needed to mobilize much-needed capital in support of solutions to critical social and environmental challenges.

Where Do Donor Advised Funds Go?
Lilly Family School of Philanthropy
Donor-advised funds are frequently identified as one of the fastest-growing vehicles for charitable giving, but the question of where those donor-advised fund grant dollars go has remained largely unanswered until now. A new report is the first to uncover these answers. Among other findings, it identifies education, religion and public-society benefit organizations as the types of nonprofits that attracted the most donor-advised fund grant dollars.

Navigating the New 529 Rules- The Land of Wealth Transfer, Piggy Backs and Donor Advised Funds
The Tax Cuts and Jobs Act of 2017 had some interesting news for parents: for the first time, 529 plans are now eligible to be used for K-12 private school tuition. And that simple change will have a significant impact on how a large number of Americans will now approach their strategy for education funding.

When It Comes to Donating Money, Whom Do You Trust?
The New York Times
To help ensure their philanthropy is being used effectively, donors are increasingly seeking the help of professionals. Charitable donors are often altruistic by nature, but their idealism may blind them to potential faults in the groups they support. To help avoid these pitfalls, philanthropic advisers typically dig deeper into the details of the group’s financial reports, talk to their contacts in the field, as well as the group’s leaders and existing donors, and arrange site visits.

High-Ability Students with Financial Need Require More Support
Philanthropy News Digest
Despite signs of progress, state policies nationwide are falling short in supporting the needs of high-ability students with financial need, a report from the Jack Kent Cooke Foundation finds. The report, Equal Talents, Unequal Opportunities, Second Edition, measures the extent to which states are addressing the needs of high-ability students from low- and moderate-income backgrounds. The report assessed states on two measures: excellence, defined by the extent to which states achieve advanced learning outcomes for all students; and the closing of excellence gaps, determined by the degree to which low-income students are equally likely to achieve high levels of academic excellence as other students.