WHAT YOU NEED TO KNOW ABOUT DONOR-ADVISED FUNDS (DAFS) IN 2020 is FREE courtesy of MarketSmart
What is a DAF and how do they work? Why are DAFs growing so fast? How can you cultivate and solicit donors using DAFs? Learn that, and MORE!
Although they aren’t “new,” donor-advised funds sure are a “hot” topic of discussion. The first donor-advised funds date back to the 1930’s, and regulatory recognition came in the form of the Tax Reform Act of 1969. Why are DAFs such a frequent topic of discussion today, if they’ve been around for decades and decades?
It could have something to do with the $37.12 billion that was contributed to DAFs in 2018 (an 86 percent increase in contributions over the past five years), representing more than 12% of all individual giving. Or, it could have something to do with the $23.42 billion that was granted out of DAFs in 2018. Regardless of the “why,” we know donor-advised funds are here to stay. Are you prepared for the rise of DAFs in 2020?