National Philanthropic Trust Releases 2013 Donor-Advised Fund Report
Key findings from the 2013 Donor-Advised Fund Report include:
- Total assets under management in all donor-advised funds accounts were $45.35 billion. This is an increase of 18.9 percent from a revised total of $38.14 billion and continues the steep growth trajectory that started in 2011.
- Contributions increased to $13.71 billion, or 34.6 percent compared with 2011 contributions, which are revised to $10.19 billion based on the new charitable sponsors tracked.
- Grant-making is estimated at $8.62 billion, representing an increase of 6.7 percent compared with 2011, which is revised to $8.08 billion with the data about additional donor-advised fund sponsors.
- The number of donor-advised fund accounts increased by 7 percent in 2012, to 201,631 (from 177,357 in 2011), while the number of private foundations grew by 4 percent. This is the second year of rapid growth since 2008. The number of accounts at Single-Issue Charities rose by 11.4 percent; Community Foundations increased by 3.3 percent; and National Charities increased by 7.5 percent.
- For 2012, the payout rate slowed slightly to 16.0 percent, reflecting the rapid rise in DAF assets alongside a modest rise in grants from DAFs. Payout rates from 2007 through 2012 annually exceed 15 percent, three times the mandated 5 percent minimum payout rate of private foundations. This level of grant-making resulted from donors who wanted to give generously through challenging economic times.