GROWING GIVING: American Philanthropy and the Potential of Donor-Advised Funds

GROWING GIVING: American Philanthropy and the Potential of Donor-Advised Funds.

Api Podder

Although donor-advised funds originated in the 1930s, federal legislation clarifying their regulatory status, passed in 2006, has helped grow more than 55,000 new DAF accounts and increase charitable donations from such accounts: from $6.47 billion to $9.66 billion annually—staying strong even in such periods as the 2008 financial crisis.

Husock notes that overall U.S. charitable giving has long been stalled at around 2 percent of GDP. “Donor-advised funds, both because they make it easier for relatively small donors to set aside charitable funds and see those funds grow in value, could be a game-changer in directing more wealth in philanthropy,”says Husock.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: