Ray Madoff, a Professor at Boston College Law School, is the cofounder and Director of the Boston College Law School Forum on Philanthropy and the Public Good. She is the author of Immortality and the Law: The Rising Power of the American Dead.‚Ä© (July 2016)

IN THE REVIEW

The Undermining of American Charity

New York City, 1977; photograph by Susan Meiselas
Donor-advised funds have been a bad deal for American society. They have produced too many private benefits for the financial services industry, at too great a cost to the taxpaying public, and they have provided too few benefits for society at large.