SDG Impact Fund's Rapid Growth to $10 Billion Raises Questions

Experts question whether the fund's main purpose is to increase tax benefits for donors holding highly appreciated digital assets.

The SDG Impact Fund, a donor-advised fund supporting the United Nations Sustainable Development Goals, grew from $238 million in assets in 2020 to $10 billion in 2021.
The fund's growth appears to have been fueled by the rise of cryptocurrencies and digital art assets, but its less stringent legal reporting requirements make it hard to understand the source of its massive growth.
In 2021, the fund reported $10 billion in assets and made $4.3 million in grants. In 2022, it reported the same asset figure and made $8.5 million in grants.
Experts question whether the fund's main purpose has been to increase tax benefits for donors who held NFTs and cryptocurrency with highly appreciated values.
The fund's leaders declined to comment or answer questions about the IRS filings posted on its website for 2021 and 2022.