The Matthew Perry Foundation is structured as a donor-advised fund, according to its website, a charitable investment fund that experts say offers certain advantages.
Donor-advised fund charitable assets represent 20% of those in private foundations, according to National Philanthropic Trust's 2023 annual report.
watch nowWhile wealthy donors may have both a foundation and a donor-advised fund, many are moving to just donor-advised funds, according to Douglas.
"With a donor-advised fund, what it does is more streamlined," O'Neill said.
Advantages of using a donor-advised fundFor all donors, regardless of income, there may be benefits to using a donor-advised fund.
Persons:
Matthew Perry, Phillip Faraone, Matthew Perry's, Perry, Charlie Douglas, Matthew Perry Foundation's, Douglas, Brandon O'Neill, O'Neill
Organizations:
GQ, The West, Matthew Perry Foundation, HH, Investments, National Philanthropic Trust, Philanthropic Trust, Fidelity Charitable
Locations:
West Hollywood , California, Atlanta