The worth of donor-advised-fund grantmaking to charitable organizations elevated by 9% to $52.2 billion in 2022, and the variety of accounts grew by 2.9% to 1,948,545, Nationwide Philanthropic Belief reported this week.
“Donors elevated the worth of their grant suggestions for the 13th consecutive 12 months regardless of the lower in total and particular person charitable giving in addition to the losses within the three most important U.S. market indexes and document inflation,” NPT’s chief government Eileen Heisman stated in a press release, citing GivingUSA.
Heisman famous that since DAF donors pre-fund their giving with irrevocable contributions, grantmaking from their giving autos to charitable organizations is just not as correlated to monetary markets and particular person family financial volatility.
“We imagine we’re seeing a ‘new regular’ for DAFs, that means a return to the extra modest historic development charges than the expansion we noticed through the peak of COVID-19 in 2020 and 2021,” she stated. “DAF donors really helpful 9% extra grant {dollars} than their earlier historic high-water mark in 2021.”
The annual DAF report primarily makes use of knowledge from IRS Kind 990 filings to offer probably the most up-to-date and dependable evaluation of the DAF sector. The 2023 report examined 1,151 charitable organizations that sponsor DAFs, together with nationwide charities, group foundations and different sponsoring charities.
The five-year historical past knowledge file contains information from 1,295 DAF sponsors that operated throughout not less than a few of the interval since 2007.