Donor-advised funds (DAF) continue to be a popular way for individual donors to manage their philanthropy. DAFs are not a passing trend and are, in fact, here to stay. According to the 2014 Donor-Advised Fund Report, issued by National Philanthropic Trust, as of 2013, more than 217,000 DAFs had been established, which is a 34 percent increase in just seven years. In that same year, DAFs granted $9.66 billion to charitable organizations, and more than $17 billion was contributed into these funds.
With this in mind, it is important to understand the basics about DAFs to better prepare your organization to work with individuals who have DAFs.