"What's driving the surge in donor-advised funds?" Minneapolis Foundation saw a 185% increase after local corp was purchased.
"The recent Medtronic acquisition of Covidien not only lowered the company’s corporate tax rate, but also created a tax headache for longtime Medtronic shareholders — and a local miniboom in an increasingly popular type of family charity. In 2014, $4.8 million worth of Medtronic stock found its way into 58 donor-advised funds (DAFs) at the Minneapolis Foundation, including 18 newly established funds, according to Bill Sternberg, vice president of philanthropic services there." -- Brad Allen, the Minneapolis Star-Tribune