Advance Change Fund

As published in The Chronicle of Philanthropy on April 11, 2018.

The charitable arm of Amalgamated Bank wants donor-advised-fund holders to give at least 10 percent of their funds to charity per year.

As published in Inside Philanthropy on October 9, 2018.

Amalgamated Bank, a progressive financial institution born from the 1920s labor movement, has been on the move lately...

The debate about donor advised funds (DAFs) and philanthropy is breaking out into the public light. At the heart of the debate is the problematic ways DAFs can be used to accumulate assets and leverage tax breaks, rather than support nonprofit organizations.