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There are two problems with DAFs that need to be addressed by Congress: (1) under current law contributors get a tax benefit in the year of the donation while the ultimate designated charity for whose benefit the funds are contributed may not see those funds for years; and (2) current law incentivizes DAF managers to accumulate DAF funds to maximize the fees they receive for “managing” the DAF. The tax benefit of charitable giving should be tied to the time at which the money is put to charitable use. This simple change in the tax code would put more dollars at work more quickly and reduce the share of the charitable contribution siphoned off by financial managers.