NPT report: Donors increasingly choosing DAFs to give
DOI | http://doi.org/10.1002/nba.30025 |
Published date | 01 January 2015 |
Date | 01 January 2015 |
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Feature
Writing
(See CROWDFUNDING on page 2)
NPT report: Donors increasingly
choosing DAFs to give
The National Philanthropic Trust (NPT) re-
cently released its eighth annual Donor-Advised
Fund (DAF) Report, providing charities, com-
munity foundations and donors with up-to-date
analysis of the market.
According to NPT, 2013 was a banner year of
growth for DAFs. Data show that metrics such as the
number of DAF accounts, grants from DAFs, contri-
butions to DAFs and charitable assets under manage-
ment all grew, and in some cases outperformed their
previous record for the third year in a row.
Among the report’s signicant ndings:
• The number of DAF accounts increased 4.2
percent to 217,367.
• Grantmaking from DAFs giving to qualied
charities increased by 12.6 percent to a record high
of $9.66 billion.
• Contributions to DAFs increased 23.5 percent
to $17.28 billion.
• Charitable assets grew almost 20 percent,
surpassing $53 billion.
NPT said such breakthrough numbers are
encouraging for nonprots and those that receive
services, and are a sign that individuals who create
DAFs are using them to support the charities they
care about most.
To read the complete report, visit http://www
.nptrust.org/daf-report. ■
Vol. 304 January 2015
Giveffect revolutionizes the nonprot sector
by “democratizing” its fundraising structure
The CEO said crowdfunding is all about raising
small amounts of dollars from large groups of people to
make “the impossible possible.” Nonprots and/or their
constituents—who may range from elementary school
students to senior citizens—can use crowdfunding to
fundraise for specic projects by rallying their support-
ers, choosing a monetary goal and setting a time line.
The $5.1 billion crowdfunding market has rattled
the halls of development ofces nationwide and is set
to double next year, according to Giveffect CEO and
co-founder Anisa Mirza. As of 2013, nonprots and
other social-good causes had taken in a substantial
piece of that pie—30 percent of the total funds raised.
“The implications of this are huge,” Mirza said
in a recent interview with Nonprot Business Advi-
sor. “What that tells us is that nonprots have a
tremendous amount to gain from crowdfunding and
embracing it as part of their annual giving strategy.
It’s disrupted the fundraising eld.”
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