I’ve recently been asked to get involved with a new women’s fund that is being created here in Winston-Salem (which I feel compelled to mention is the home of the extremely impressive Wake Forest football team! Go Deacs!) The idea is that women are both underrepresented as charitable donors (because even in two-income families men tend to control a household’s charitable giving) and that charities specifically targeted toward helping women and girls are underfunded (according to the statistics the fund gave me, less than five percent of philanthropic dollars in the U.S. go specifically to programs for women and girls). The idea is that you buy into the fund, pledging to make an annual donation every year for three years, and then you get a vote as to how the fund’s resources are allocated. Do any of our readers have experience with these kinds of funds? Any reactions about whether they are a good idea?