What the heck is a DAF?
To alleviate some of the financial pressure that many people are experiencing due to COVID-19, the Pan-Mass Challenge announced that it would not be enforce the fundraising minimums for the first time in the ride's history. PMC Chief Financial Officer, Michele Sommer, joins Kristin and Bill to discuss the impact of COVID-19 on charitable organizations, and how people are using the money that's already in Donor Advised Funds (DAFs) to support their favorite charities.Links mentioned: * Important Policy Change for 2020 https://www.pmc.org/blog/important-policy-change-for-2020 * What is a Donor-Advised Fund? Source: Fidelity Charitablehttps://www.fidelitycharitable.org/guidance/philanthropy/what-is-a-donor-advised-fund.html • Pan-Mass Challenge Case Study (pdf) Source: DAF Direct http://www.dafdirect.org/DAFDirect/popups/A-Widget-Case-Study-Pan-Mass-Challenge.pdf • PMC - Ways to Give https://www.pmc.org/ways-to-give Support the show (https://donate.pmc.org/)