What You Need to Know
- DAF donors gave generously in response to the pandemic, calls for racial justice and climate change, NPT’s chief executive says.
- Donors contributed $47.9 billion to their DAF accounts last year, a 20.6% increase from 2019.
- As DAFs become more mainstream, the number of accounts increases and the average fund size decreases, NPT noted.
Donor-advised-fund philanthropy in the U.S. continues to flourish.
The National Philanthropic Trust’s annual report, released this week, identified growth in all key metrics for the 11th consecutive year.
“The 15th annual Donor-Advised Fund Report reflects DAF donors’ initial, very generous response to the COVID-19 pandemic, calls for racial justice and major climate change-related disasters,” NPT’s chief executive, Eileen Heisman, said in a statement.
“What this report affirms is that DAF donors not only responded quickly but also gave with historic generosity to the causes that mean most to them.”
The 2021 DAF Report, which primarily uses data from IRS Form 990 filings, examined 976 charitable organizations that sponsor donor-advised funds, including national charities, community foundations and other sponsoring charities.
Up and Up
According to the report, grants from DAF accounts to qualified charities totaled $34.7 billion in 2020, up 27% from the year before. This was the biggest grantmaking increase in a decade and the first year grantmaking has exceeded $30 billion.