Donor-Advised Funds Are Drawing a Lot of Assets Besides Cash

“We examined the IRS filings of all charities from 2020 to 2022, including organizations that administer DAF’s. Such DAF sponsors include charities affiliated with large financial companies like Vanguard, Schwab and Fidelity. By looking at the types of gifts received by these charities, we found that noncash giving represents more than 16% of the average DAF’s revenue versus only about 3% on average for overall charitable giving, which covers everything from animal shelters to orchestras.” Read more from The Chronicle of Philanthropy here.

(2-minute read)

Source: The Chronicle of Philanthropy