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Donor Advised Funds continue to grow

Donor Advised Funds continue to grow

Donor Advised Funds continue to grow

The total number of donor advised funds and total value of their assets continued to grow significantly in 2018, according to the latest annual report by the National Philanthropic Trust . The total number of funds has grown from 469,331 in 2017 to 728,563 in 2018. The total value of the assets in those funds has grown from $112.1 billion to $121.42 billion, an 8.3% increase. Total contributions to DAFs grew from $30.9 billion to $37.12 billion, up 20%, while total grants paid out rose from $19.7 billion to $23.42 billion, an 18.9% jump. The overall payout rate for DAFs (current grants divided by last year’s total assets) was down slightly from 22.8% to 20.9%. The number is still...

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