More small private foundations are dissolving and moving their assets into low-cost, flexible donor-advised funds, sometimes called charitable funds, run by mutual fund companies, The Wall Street Journal reports.

 

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.