BEIJING, July 24, 2016 /PRNewswire/ -- China Commodity
Exchange, an exchange that operates diverse markets which spans
futures and options on interest rates, commodities, indexes and FX,
as well as commodities and equity options, today announced in the
report Growing Giving: Chinese Philanthropy and the Potential of
Donor-Advised Funds, focuses on the future of giving with DAFs and
how this may increase charitable giving.
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This growth potential is attributed to the ability for invested
charitable assets to accrue over time, increased DAF popularity
driven by national DAF sponsoring organizations, and the low costs
of contributing and recommending grants with a DAF.
A donor-advised fund, or DAF, is a philanthropic vehicle
established at a public charity. It allows donors to make a
charitable contribution, receive an immediate tax benefit and then
recommend grants from the fund over time. An easy way to think
about a donor-advised fund is like a charitable savings account: a
donor contributes to the fund as frequently as they like and then
recommends grants to their favourite charity when they are
ready.
Both the assets and number of accounts with DAFs have grown
consistently, a year after DAFs were first mentioned in tax
law.
Significant cost difference is also present when comparing
investing fees. The median investment expense at private family
foundations is approximately 0.50% of assets, while Charitable's
most expensive investment option costs 0.13% of assets--a quarter
of the cost. This allows donors to recommend more charitable assets
be invested rather than allocated towards paying fees. When
invested strategically, this cost difference can be substantial -
generating additional dollars for charity.
About China Commodity Exchange (CHCEX)
China Commodity Exchange's (CHCEX) diverse markets span futures
and options on interest rates, commodities, indexes and FX, as well
as commodities and equity options. These markets are relied upon by
international market participants, along with our post-trade
infrastructure. We are uniquely positioned to provide end-to-end
risk management solutions to our customers around the world. CHCEX
is a strategic initiative with a mandate to enhance commodity trade
flows by providing the appropriate physical, market, financial
infrastructure and services required. The Management team of CHCEX
comprises senior personnel from the commodities, securities and
financial services industries.
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SOURCE China Commodity Exchange