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An Introduction to Donor Advised Funds
Since gaining popularity in the 1990s, DAFs have become a far more mainstream philanthropic vehicle, recently exploding in popularity.
From 2010 to 2022, the number of DAF accounts has increased by 957% to reach nearly two million. As of 2023, accounts hold roughly $250 billion in assets and received over
$55 billion in contributions (National Philanthropic Trust, 2024 Donor Advised Fund Report).
Donors can advise in three easy steps.
A DAF allows donors to give a variety of asset types in the form of an investment while receiving immediate tax benefits. Donor-advised funds are administered by a sponsoring organization, or a public non-profit that is a tax-exempt 501(c)(3). Donors manage their account with three easy steps.
- First, donors make an irrevocable contribution to their fund of personal assets ranging from cash, stock, and illiquid assets. Donors immediately receive the maximum tax deduction that the IRS allows.
- Next, donors choose how to invest contributions to their DAF account, where assets can grow tax-free. Investment allocations range based on personal risk tolerance and giving horizons.
- When the time is right, donors can recommend grants to over 1.8 million eligible charities. The initial contribution is irrevocable, so the donor relinquishes ultimate control over how that contribution is spent. However, sponsoring organizations nearly always adhere to donor recommendations. Donors have the flexibility to make one-time or recurring grants, with optional anonymity or recognition.
Donor advised funds reflect the future of democratized philanthropy
Recent years have marked a shift in DAF accessibility as major commercial providers have eliminated contribution minimums. As processes are digitized processes which drastically lowered administration costs, removing traditionally high barriers to entry.
This shift to digital, enabled by philanthropic platforms like Give, is transformative in providing more donors with personalized access to the benefits of DAFs. Plus, they empower clients to bring the whole family into the philanthropic journey with options to allocate giving assets to younger generations.
Connect with your Ingalls advisor to discuss your charitable giving needs, including whether a Donor Advised Fund is the right vehicle for you.
About Our Partner
TIFIN Give is a modern charitable platform, providing a simple, intuitive and flexible investment- and giving experience that modernizes Donor-Advised Funds and other charitable structures. The TIFIN Give platform is the only DAF designed from inception to engage multigenerational donors and enhance the traditional DAF model.
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Ingalls & Snyder is a registered investment advisor and broker-dealer based in New York City. We provide investment management and related services to private clients and institutional investors.
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