2024 National Philanthropic Trust Donor-Advised Fund Report Summary

The 2024 Donor-Advised Fund (DAF) Report reveals a nuanced landscape of philanthropic giving in 2023. Despite economic uncertainties, DAFs demonstrated remarkable resilience, granting $54.77 billion to charitable causes—marking only the second decline in grantmaking since 2007. Contributions to DAFs decreased by 21.7% to $59.43 billion, suggesting a return to pre-pandemic giving patterns. Notably, total charitable assets increased by almost 10% to $251.52 billion, driven by a rebounding stock market. The DAF payout rate remained consistently strong at nearly 24%, highlighting donors' continued commitment to supporting nonprofit organizations during challenging times.

Key DAF Giving Insights for 2023

• Total DAF charitable assets reached $251.52 billion, a 9.9% increase from 2022, reflecting market recovery and donor confidence.
• The number of DAF accounts grew slightly to 1,782,281, with a compound annual growth rate of 3.2% from 2019 to 2023.
• Average DAF account size increased to $141,120, a 9.2% rise from 2022, indicating growing individual philanthropic capacity.
• Grants from National Charities represented 64.1% of all DAF grant dollars, totaling $35.12 billion in 2023.
• The DAF payout rate remained consistently high at 23.9%, voluntarily exceeding the 5% minimum required for private foundations.