Donor-advised fund sponsors of all types experienced growth in charitable assets, grants to charities and total contributions in 2013, according to National Philanthropic Trust’s annual DAF report, released last week.
The 2014 report found that total DAF charitable assets grew to $54 billion last year, a 19.8% increase over 2012.
Grants reached a record high of $9.7 billion, 12.6% ahead of the year before. By comparison, the rate of growth between 2011 and 2012 was 6.7%.
Contributions to DAFs totaled $17 billion in 2013, a 23.5% increase over the previous year. However, this year’s growth rate was off last year’s 33.5% pace.