Credit score: Nationwide Philanthropic Belief
The 2024 Donor-Suggested Fund Report, essentially the most complete evaluation of the state of donor-advised fund (DAF) philanthropy within the U.S., particulars the worth of DAF grantmaking to charitable organizations basically remained flat year-over-year at $54.77 billion whereas contributions to DAFs decreased 21.7% to $59.43 billion. In 2023, DAFs continued to be one of the constant funding sources for charities regardless of financial and monetary market headwinds.
“The 2024 DAF Report affirms DAFs assist stabilize the philanthropic ecosystem when outdoors influences affect giving patterns,” mentioned Holly Welch Stubbing, CEO of Nationwide Philanthropic Belief. “Whereas particular person charitable giving decreased in response to GivingUSA, grantmaking from DAFs to charitable organizations remained a sustainable supply for good. DAF grantmaking finally helped many charitable organizations fulfill their missions, and a few broaden their attain, during times of financial volatility. The 18th annual report information underscores DAF donors proceed to provide, typically regardless of what financial sentiment could also be.”
Welch Stubbing continued, “Pre-funding charitable giving with a DAF is a clever long-term philanthropic and monetary technique benefiting each charities and donors. We see many donors selecting to contribute each liquid and extra advanced belongings similar to appreciated inventory, cryptocurrency, actual property or high quality artwork, changing varied asset courses into new mission-critical funding.”
2024 Donor-Suggested Fund Report Key Findings
- Worth of grants from DAF accounts to charitable organizations totaled $54.77 billion in 2023, a 1.4% lower from $55.53 billion in 2022. DAF grantmaking has practically doubled up to now 5 years (2019).
- Contributions to DAF accounts totaled $59.43 billion in 2023, a 21.7% lower from $75.94 billion in 2022. This follows two years after the sharpest enhance on report in 2021, attributable to donor response to pressing wants created by the coronavirus pandemic. Contributions to DAFs are irrevocable and destined for certified charities.
- Charitable belongings in all DAF accounts totaled $251.52 billion in 2023, a 9.9% enhance from $228.92 billion in 2022. This development in charitable belongings below administration is attributable partly to positive aspects in world monetary markets.
- Variety of DAF accounts within the U.S. totaled 1,782,281 in 2023, a 0.6% enhance in comparison with 1,771,709 in 2022, basically remaining flat. Rising consciousness broadly, curiosity in office giving accounts, decrease contribution minimums, consolidation of accounts and the flexibleness of DAFs contributed to this slight enhance.
- Common DAF account dimension was $141,120 in 2023, a 9.2% enhance in comparison with $129,206 in 2022. New office giving fashions, development in reputation of high-volume DAF account sponsors and market volatility contributed to a lower within the common account dimension.
- The grant payout fee (a calculation of grantmaking {dollars} from DAFs to charities relative to whole DAF charitable belongings) remained regular at 23.9% in 2023, in comparison with 24.1% in 2022. The mixture DAF grant payout fee has exceeded 20% for yearly on report.
Whereas DAF charitable belongings quantity to 16.98% of these in personal foundations ($251.52 billion v. $1.48 trillion) in response to information from the most recent DAF Report and FoundationMark, the worth of DAF grantmaking ($54.77 billion) in 2023 quantities to virtually half (48.0%) of the worth of whole grants and expenditures from personal foundations ($114.11 billion).
The whole 2024 Donor-Suggested Fund Report, which features a comparability by charitable sponsor varieties, is on the market at no cost or login requirement.
Obtain the 2024 Donor-Suggested Fund Report right here.
2024 DAF Report Methodology
The DAF Report, essentially the most in depth and present examination of DAF philanthropy, primarily makes use of information from IRS Type 990 filings to supply essentially the most up-to-date and dependable evaluation of the DAF sector. The 2024 report examined 1,140 charitable organizations that sponsor donor-advised funds, together with nationwide charities, neighborhood foundations and different sponsoring charities. Our historic information file contains information from 1,293 DAF sponsors which operated throughout no less than a number of the interval since 2007. Full methodology could be discovered within the 2024 DAF Report.
DAF Report Historical past
The Donor-Suggested Fund Report has been revealed by Nationwide Philanthropic Belief as a public service since 2007. The report started as a two-page evaluation of 10 DAF sponsors. At present, the annual report compiles information from over 1000 DAF sponsors utilizing essentially the most in depth methodology developed by an unbiased group of information editors and researchers. The report is acknowledged because the preeminent supply for DAF sector information.
Supply: Nationwide Philanthropic Belief
The previous press launch was supplied by an organization unaffiliated with NonProfit PRO. The views expressed inside don’t instantly mirror the ideas or opinions of the workers of NonProfit PRO.
