A new report details how the "profit motives of the financial services sector have increasingly and disastrously warped how charitable giving functions" Wealthy people have the option to donate to foundations or DAFs, which can be sponsored by for-profit wealth management firms like Fidelity Investments or Charles Schwab.
The report recommends a number of reforms in order to take back philanthropy from Wall Street.
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Mashable is teaming up with Google+ for its first-ever Hangout-a-thon on Dec. 3 for Giving Tuesday. The Hangout-a-thon is a phoneathon for the connected generation of the 21st century, which features 12 hours of captivating guests sharing updates on some of the most disruptive nonprofits working today.