accounts are the fastest-growing vehicle in philanthropy, NPT reported, and the rising value of charitable dollars granted also makes them the most active type of charitable giving vehicle.
The NPT report said contributions to DAF
accounts represented 7.6% of $358 billion in total charitable giving in the U.S.
can accept and client can then make grants to separate charities.
If the pace of grantmaking doesn't increase, DAFs
risk regulation, said Bryan de Lottinville, founder of Benevity, a corporate giving platform that partners with DAFs
Fund managers, as well as their donor clients, understand that growth of DAF
assets is a valuable tool that needs relevant fiscal investment management.
Community foundations, which have been losing market share to national DAF
sponsors, are taking a page from these behemoths' playbooks, assembling small groups of financial planners who can point clients in their direction.
trucks were also sold to municipal fleets in the UAE in significant numbers, and when ANGE conducted a survey of the active population of the vehicles - which again dated back to the 1990s - it found 1,000 vehicles still being operated across the emirates.
The survey found that on average, donors reported using a DAF
for about two-thirds of their household's charitable giving.
Emmet Carson sees DAFs
as a way for donors to even out their philanthropy over a lifetime.
Uncertainties in future tax laws are also likely to be a contributing factor to the current popularity of DAFs
. "Given the possibility of changes to charitable deduction rules, I wouldn't be surprised if donors who plan to make significant gifts in the next few years, but have yet to decide on specific amounts and purposes, opt to make a contribution to a donor-advised fund," concludes David Bass, director of foundation programs and research at the Association of Governing Boards of Universities and Colleges.
are also increasingly used as a part of a well executed estate plan, since assets donated to a charitable account are not part of a taxable estate.
* Possible new directions in regulation of DAFs
could include a minimum required distribution of funds, since such a requirement has been raised as a possibility in both the study and an act that passed the Senate in 2005 but was not enacted into law.