Grants From Donor-Advised Funds Totaled $19.08 Billion in 2017

Philanthropy News Digest | November 16, 2018

Grants From Donor-Advised Funds Totaled $19.08 Billion in 2017
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.

Spotlight

This category honors the social impact driven by a YouTube “celebrity” through their videos. This award went to Tyler Oakley for his work with the Trevor Project. Tyler has raised over $500,000 for the charity through various YouTube campaigns. .Who doesn’t love a red carpet?


Other News

YCF donates more than $40,000 to 19 non-profits that are facing greater demands during COVID-19 outbreak

The Your Community Foundation of North Central West Virginia | April 20, 2020

The Your Community Foundation of North Central West Virginia (YCF) has awarded more than $40,000 in grant money to 19 non-profits that are having greater demands during the COVID-19 outbreak. Patty Showers Ryan, YCF’s president, said the money was donated by community members, businesses and corporations alike who see the demand in the community and wanted to do their part to help. Ryan explained that all of the donations go to the agencies and that the awarding of grants will not be a one time deal. “We have a cycle set up that we’re going to make grant awards every other week for as long as this emergency continues and I suspect — we’re seeing a lot of need fo...

Read More

Kroger donates over $40,000 to W.Va. food banks

Kroger | April 19, 2020

Last week, Kroger Mid-Atlantic donated $41,000 in product and cash donations to two prominent West Virginia food banks — Mountaineer Food Bank in Gassaway and Facing Hunger Foodbank in Huntington. Mountaineer Food Bank received a $10,000 cash donation and nine pallets of peanut butter, consisting of 10,300 individual jars and valued at nearly $11,000. Facing Hunger Foodbank received a $20,000 donation, which will be used to aid its senior feeding program. The donations come during a time of extraordinary demand across the state as a result of situations arising from the COVID-19 pandemic. “We’re inspired by the work of Mountaineer Food Bank and Facing Hunger Foodbank, and w...

Read More

Shiner Brewer Donates $500,000 to Nonprofit Texas Restaurant Relief Fund

Spoetzl Brewery | April 16, 2020

Spoetzl Brewery, the brewer of Texas' own Shiner Bock, is donating $500,000 to a relief fund aimed at helping the state's restaurants and their employees. According to the brewery, the donation to the Texas Restaurant Association is meant to provide financial relief to Texas' independent restaurateurs with funds designed to safeguard employee jobs. The Texas Restaurant Relief Fund initiative was established by the Texas Restaurant Association Education Foundation, the nonprofit workforce development arm of the Texas Restaurant Association....

Read More

First Internet Bank Commits $250,000 for COVID-19 Relief

First Internet Bank | April 15, 2020

First Internet Bank announced today a commitment of $250,000 to help address the immediate economic challenges of COVID-19. Through a dollar-for-dollar match with IMPACT Central Indiana (IMPACT), funds will be rapidly deployed through the Indy Chamber's Business Ownership Initiative (BOI) to help small businesses, funds and nonprofits in Marion and Hamilton Counties weather the short-term health crisis and promote continued long-term economic growth....

Read More

Spotlight

This category honors the social impact driven by a YouTube “celebrity” through their videos. This award went to Tyler Oakley for his work with the Trevor Project. Tyler has raised over $500,000 for the charity through various YouTube campaigns. .Who doesn’t love a red carpet?

Resources

Events