TMCnet News
2019 Donor-Advised Fund Report: Grants to Charities Exceed $23 Billion as Total Charitable Assets Surpass $121 BillionThe 2019 Donor-Advised Fund Report, the most comprehensive data on donor-advised funds (DAFs) in the U.S., reveals growth in key metrics for nine consecutive years. During the past five years, the number of DAFs in the U.S. has tripled and grant dollars from DAFs to charities has nearly doubled. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191112005163/en/ Total Assets Under Management: 2019 Donor-Advised Funds Report from National Philanthropic Trust (Graphic: Business Wire) The 13th annual Donor-Advised Fund Report notes that grants from DAFs exceeded the $20 billion mark for the first time. Grants from DAFs to qualified charities totaled $23.42 billion, an 18.9 percent increase over the prior year. Total DAF assets available for grantmaking increased to $121.42 billion, an 8.3 percent year-over-year increase. Contributions to DAF accounts, which will be used for charitable purposes, grew 20.1 percent to $37.12 billion. Contributions to donor-advised funds represent 12.7 percent of all individual giving in the U.S.* National Philanthropic Trust (NPT), the largest national independent donor-advised fund sponsor in the U.S., publishes the Donor-Advised Fund Report annually. "This is the first Donor-Advised Fund Report that fully captures donors' response to tax reform and its implications for charitable giving in December 2017, before the new laws were enacted," said Eileen Heisman, President and CEO of National Philanthropic Trust. "Contributions to donor-advised funds outpaced grants for the first time in four years, which may indicate donors choosing to 'bunch' teir giving-essentially pre-funding several years of charitable giving to make their philanthropy more tax effective. We can't yet predict a definitive trendline, but it is clear DAFs are a philanthropic solution that many donors chose in response to the new tax laws. Donors created more individual DAF accounts than ever before and our report found record highs in every key metric."
Key Report Findings
"DAFs are evolving into the next generation giving vehicle-of-choice because they are flexible, easy to manage, convenient, and responsive. They are adaptable for both new and seasoned donors' goals, blending traditional and emerging models of philanthropy," said Heisman. "DAF donors are highly committed, engaged philanthropists. I see that reflected in the aggregate DAF data and in my day-to-day experience with NPT's donors. They're recommending more grant dollars than ever, choosing impact investments for their DAF's charitable assets at an increasing rate, and donating complex assets, like business interests and real estate, to fund their philanthropic giving. It is inspiring when donors are creative while increasing their charitable impact." The complete 2019 DAF Report is available with no charge or login requirement at NPTrust.org/daf-report and upon request. Data attribution: National Philanthropic Trust, NPTrust.org. * Individual giving in the U.S. is based on Giving USA 2019 data.
Methodology
About National Philanthropic Trust
View source version on businesswire.com: https://www.businesswire.com/news/home/20191112005163/en/ |