YoungAssociates

Donor Advised Funds (KIM #3)

According to the National Philanthropic Trust, “donor advised funds are the fastest growing and most popular charitable giving vehicle.” Beginning in 2000, we began advising clients not to forget there were 17,213 donor advised funds and their asset base was $5.2 billion. The number of donor advised funds grew to 80,600 in 2003 and, at the end of 2007, there were more than 120,000 donor-advised accounts with more than $27.7 billion in assets. From 2004 to 2007, the annual increase in assets in donor advised funds consistently exceeded 15 percent.

The largest charitable fund resides under Fidelity Investments, which manages $3.6 billion in assets. Schwab Charitable Fund manages $1.7 billion, Vanguard Charitable Endowment Program $1.6 billion and a number of other institutions also offer donor advised funds (eg, Harris Private Bank, Citigroup, JP Morgan Chase, Bank of America, Franklin Templeton Investments), as do community foundations.


Part of a series: Keep in Mind, tips from the president of YoungAssociates, micro-sized nuggets to startle, energize, and boost your thinking in regard to development. If you enjoy this information and don’t want to miss future articles, you can subscribe to receive our fundraising articles via email.