The Growth and Utility of Donor Advised Funds
Abstract
Americans are generous -- more so than in any other country. Certainly, our tax law encourages giving, but the spirit of giving is deeply engrained into the psyche of our people. In 2016, (according to Giving USA), more than $390 billion was given to eligible charities, an increase of 2.7 percent over the previous year, with individual giving (including legacies) representing by far (80 percent) the largest source of giving. In that larger context, Donor Advised Funds (DAFs) represent the fastest growing sector/giving vehicle in the philanthropic arena. The 2016 Donor Advised Fund report published by NPT (data from over 1000 DAF sponsors) illustrates this growth (comparing 2015 to 2014 data):
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