Despite criticisms that they sometimes don't distribute contributions in a meaningful way, donor-advised funds have risen in popularity and are now regarded by many advisors as the vehicle of choice for charitable giving.
DAFs granted a record $9.66 billion to charities worldwide in 2013. That's a 12.6% increase over 2012, according to the 2014 Donor-Advised Fund Report by the National Philanthropic Trust, the largest independent DAF sponsor. Total DAF charitable assets grew nearly 20% over the year, to $53.74 billion.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access