Hivemind: Corporate charity funds
I've heard that some law firms require their associates to contribute a certain percentage of their income to corporate-sponsored charity funds, known as "donor advised funds."
Besides the rather cursory information available on the IRS website, I'm having a hard time finding out much about these structures. There's lots of information about donor advised funds for individuals, but I'm not finding a lot of info on funds sponsored by businesses and other organizations.
So, I'm throwing the questions out to the hivemind.
1. Is it possible to determine from public records whether a firm has a donor advised fund(s), and how the fund is disbursing the money?
2. What rights do associates have to monitor the activities of their firm's fund?
3. Why would a law firm want to start such a fund in the first place?