Just how vital are donor advised funds to the health and welfare of our communities—now and in the future? A Council on Foundations’ report, Donor Advised Funds Provide the Majority of Grant Funds Awarded by Community Foundations, reveals a host of interesting facts about these funds and their role in addressing societal needs. For example, did you know:
Community foundations hold more than half (53%) of the estimated $31 billion currently held in donor advised funds.
Donor advised funds comprise about 33% of the community foundation sector’s total assets of over $50 billion, yet make up 62% of the community foundation sector’s annual grants.
The payout rate from community foundation donor advised funds is three times the payout rate from other funds—16.4 % versus 5%.
The report takes a probing look at donor advised funds and offers information you can use to strengthen your community foundation’s support for advocating for the expansion and protection of these funds.