Bob Dylan teams with donor-advised fund to fight hunger

The spiritual message of Bob Dylan's soulful ditty about fate and consequences, “Gotta Serve Somebody,” is taking on a more down-to-earth meaning this year.
DEC 15, 2009
The spiritual message of Bob Dylan’s soulful ditty about fate and consequences, “Gotta Serve Somebody,” is taking on a more down-to-earth meaning this year. Using a donor-advised fund, Mr. Dylan’s record label, Columbia/Epic, is channeling international royalties from his new album, “Christmas in the Heart,” to a British charity that serves meals to the homeless. The overseas charity, Crisis of London, intends to deliver 15,000 meals for homeless people in Britain over the Christmas holiday. The group establishing the fund, CAFAmerica, said it appeared to be the first time a donor-advised fund will be used to channel the royalties from sales of a major music recording to charitable foundations. When Mr. Dylan released “Christmas in the Heart” in October, he said that most of the U.S. royalties from the album would be donated to Feeding America, a U.S. charity. CAFAmerica said that Mr. Dylan’s album had so far raised $125,000 in overseas royalties that could be donated through the donor-advised fund. “The problem of hunger is ultimately solvable,” Mr. Dylan said in a statement. That “means we must each do what we can to help feed those who are suffering and support efforts to find long-term solutions,” he said. The album hit No. 1 on Billboard’s U.S. Holiday Albums chart and its U.S. Folk Albums chart. ‘Christmas in the Heart’ is the forty-seventh album from Mr. Dylan.

Latest News

The power of cultivating personal connections
The power of cultivating personal connections

Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.

A variety of succession options
A variety of succession options

Whichever path you go down, act now while you're still in control.

'I’ll never recommend bitcoin,' advisor insists
'I’ll never recommend bitcoin,' advisor insists

Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.

LPL raises target for advisors’ bonuses for first time in a decade
LPL raises target for advisors’ bonuses for first time in a decade

“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.

What do older Americans have to say about long-term care?
What do older Americans have to say about long-term care?

Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.

SPONSORED The future of prospecting: Say goodbye to cold calls and hello to smart connections

Streamline your outreach with Aidentified's AI-driven solutions

SPONSORED A bumpy start to autumn but more positives ahead

This season’s market volatility: Positioning for rate relief, income growth and the AI rebound