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Over Half Of 20 Top Public Charities Are Donor Advised Funds

September 10, 2023 Helen Flannery, Inequality.org. , , ,
Last year, we wrote about how donor-advised funds, or DAFs, had become the top recipients of charitable giving in the United States. At the time, we were astounded to discover that DAF sponsors made up six of the top 10 and nine of the top 20 most successful public-charity fundraisers in the country.  We’ve updated the data for 2021 — the most recent year for which complete data is available — and the picture has only gotten more stark. Donor-advised fund sponsors now make up seven of the top 10 and eleven of the top 20 public charities in the United States. Public charities are nonprofits that rely on a broad base of donors for their revenue.

The Rise Of The Monster DAFs

August 6, 2022 Chuck Collins and Helen Flannery, Inequality.org. , , ,
For nearly a hundred years, private foundations have been the big guns of warehouse-style philanthropy, raking in billions from their high-rolling founders and doling out grants piecemeal to grateful nonprofits. But over the past two decades, donor-advised funds, particularly those affiliated with for-profit financial institutions (such as Fidelity, Goldman and Schwab), have been rapidly and relentlessly eating into the charitable giving pie. Rising like monsters from the deep, DAFs have finally caught up with foundations as the wealthy donor’s charitable warehousing vehicle of choice — and are poised to eclipse them in just a matter of years. It was already hard enough for working charities to compete with foundations for the largess of wealthy donors.

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