Donor-Advised Funds Enjoyed Strong Turnaround in 2010

National Philanthropic Trust’s annual report finds an $80 million increase in DAF grant making

Donor-advised funds received $7.8 billion in 2010, 2.6% of total U.S. charitable giving for the year, helping fuel a turnaround for the segment, according to a new report from National Philanthropic Trust.

National sponsors of DAFs took in approximately $4 billion last year, the Donor-Advised Fund Report, released earlier this month, noted. This represented a 42% increase over the previous year’s contributions. Community foundations that sponsor DAFs received some $2 billion, while single-issue charities that sponsor DAFs received $1.8 billion.

The report found that DAFs turned around handsomely in 2010 after experiencing declines in 2009. Contributions and assets increased, as did grant making.

Key findings:

  • Total assets in DAFs grew to almost $30 billion in 2010, after falling to $26.7 billion the year before.
  • Contributions in 2010 increased by 25.3% over the previous year.
  • Grant making grew to $6.18 billion in 2010 from $6.10 billion in 2009.
  • The number of DAF accounts dropped 0.1% from the previous year, totaling 161,873 in 2010.

NPT said it had increased the number of charitable sponsors of DAFs studied in the new report by 44% over the 2010 report. Community foundations and single-issue charities accounted for most of the additional sponsors.

Reprints Discuss this story
We welcome your thoughts. Please allow time for your contribution to be approved and posted. Thank you.

Most Recent Videos

Video Library ››