INSIGHT: Donor-Advised Funds in the New Decade

“Donor-advised funds (DAFs) hit a turning point in past decade. Their “hockey stick” growth trajectory has drawn attention across sectors, including philanthropy and finance. From 2010 to 2018 (the latest DAF Report data available), the number of DAFs increased 300%. Grants from DAFs to mission-driven charities tripled from $7.24 billion to $23.42 billion over the same time period. Americans are changing the way they manage their personal and philanthropic finances in the 21st century and relying on experts for guidance.

Americans have always been generous and, increasingly, they want to stay close to their giving. DAFs offer an efficient way to facilitate both. DAF donors are some of the most engaged and committed philanthropists in the country. Will DAF growth continue to keep pace in the 2020s? In all likelihood, yes. Let’s look at four things I’m forecasting for the next decade in donor-advised funds.” Read more.

Source: Daily Tax Report