Grants From Donor-Advised Funds Totaled $19.08 Billion in 2017
Philanthropy News Digest | November 16, 2018
Grants awarded from donor-advised funds in the United States in 2017 totaled a record $19.08 billion, up 19.9 percent from 2016, a report from the National Philanthropic Trust finds. Based on an analysis of data from nearly a thousand charitable organizations that sponsor DAFs, including national charities, community foundations, and other sponsoring charities, NPT's 2018 Donor-Advised Fund Report found that contributions to DAF accounts increased 16.5 percent, to $29.23 billion, on a year-over-year basis, while total assets available for grantmaking increased 27.3 percent, to $110.01 billion, and the aggregate payout rate rose to 22.1 percent, up from 20.6 percent in 2016, interrupting a downward slide from a high of 24.7 percent in 2010. According to the report, DAFs remained the fastest-growing giving vehicle in the U.S. in 2017, with the number of DAF accounts surging 60.2 percent, to 463,622, while the average size of a DAF account fell 20.5 percent, to $237,356, from $298,628 in 2016. This year, for the first time, the report includes a brief analysis of the types of assets contributed to DAFs. Representing 61.5 percent of the 2017 total, the data set shows that approximately 60 percent of DAF contributions were non-cash assets, with the vast majority of those being publicly traded securities. Contributions of LLC partnership interests also increased, from 4 percent of all non-cash contributions in 2012 to 6 percent in 2017.