Donor-Advised Funds: Assets, Awards, and Accounts at a Sampling of Big Providers

May 15, 2003 | Read Time: 3 minutes

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Donor-Advised Funds Experience Drop in Contributions, Survey Finds

	Assets			Amount distributed to charities			Number of funds
Organization	2001	2002	Percent change	2001	2002	Percent change	2001	2002	Percent change
Commercial Funds
American Gift Fund (Newark, Del.)	$5,960,591	$6,926,536	+16.2%	$1,407,853	$1,269,930	-9.8%	134	138	+3.0%
Calvert Social Investment Foundation (Bethesda, Md.)	$3,617,120	$5,966,000	+64.9%	$36,365	$592,268	+1,528.7%	39	84	+115.4%
Fidelity Investments Charitable Gift Fund (Boston) ¹	$2,648,760,694	$2,389,029,773	-9.8%	$735,914,318	$750,975,802	+2.0%	27,601	30,112	+9.1%
Heartland Charitable Trust (Dubuque, Iowa)	$4,734,285	$4,652,612	-1.7%	$1,152,292	$1,092,697	-5.2%	102	102	0.0%
Raymond James Charitable Endowment Fund (St. Petersburg, Fla.)	$13,000,000	$13,800,000	+6.2%	$800,000	$1,130,000	+41.3%	110	175	+59.1%
National Philanthropic Trust (Jenkintown, Pa.)¹	$345,587,000	$416,970,599	+20.7%	$25,878,000	$73,091,080	+182.4%	204	416	+103.9%
OppenheimerFunds Legacy Program (Denver)	$5,566,527	$9,268,091	+66.5%	$1,312,204	$1,833,914	+39.8%	160	250	+56.3%
T. Rowe Price Program for Charitable Giving (Baltimore)¹	$6,783,000	$8,100,000	+19.4%	$771,000	$1,800,000	+133.5%	200	300	+50.0%
Renaissance Charitable Foundation (Indianapolis)¹	$581,240	$6,335,233	+990.0%	0	$213,850	–	1	24	+2,300.0%
Schwab Fund for Charitable Giving (San Francisco)¹	$139,513,683	$200,080,456	+43.4%	$43,035,392	$52,731,810	+22.5%	3,369	4,451	+32.1%
SEI Giving Fund (Oaks, Pa.)¹ ,³	n/a	$3,000,000	–	n/a	$550,000	–	n/a	15	–
Vanguard Charitable Endowment Program (Malvern, Pa.)¹	$291,412,593	$383,041,593	+31.4%	$45,051,829	$64,813,601	+43.9%	2,099	2,750	+31.0%
	Assets			Amount distributed to charities			Number of funds
Organization	2001	2002	Percent change	2001	2002	Percent change	2001	2002	Percent change
Community Funds
Community Foundation for the Fox Valley Region (Appleton, Wis.)¹	$22,456,000	$22,400,000	-0.2%	$3,158,000	$2,100,000	-33.5%	132	114	-13.6%
Community Foundation for Greater Atlanta¹	$139,816,515	$137,983,728	-1.3%	$21,301,899	$20,411,230	-4.2%	461	412	-10.6%
Baltimore Community Foundation	$44,165,025	$35,180,519	-20.3%	$12,719,159	$13,812,407	+8.6%	165	195	+18.2%
Baton Rouge Area Foundation (La.)	$42,000,000	$40,000,000	-4.8%	$49,000,000	$6,000,000	-87.8%	120	140	+16.7%
Community Foundation of Greater Birmingham (Ala.)	$32,369,983	$36,497,000	+12.7%	$5,231,961	$5,533,994	+5.8%	109	127	+16.5%
Boston Foundation¹	$219,961,935	$183,547,620	-16.6%	$26,545,510	$24,593,026	-7.4%	464	516	+11.2%
Chicago Community Trust⁴	$48,866,993	$49,300,000	+0.9%	$3,425,482	$7,288,152	+112.8%	153	161	+5.2%
Greater Cincinnati Foundation	$103,700,000	$90,000,000	-13.2%	$17,000,000	$21,000,000	+23.5%	575	625	+8.7%
Cleveland Foundation	$70,804,363	$68,029,834	-3.9%	$10,918,583	$5,006,287	-54.1%	212	293	+38.2%
Columbus Foundation (Ohio)	$65,240,668	$65,931,084	+1.1%	$15,968,936	$9,156,891	-42.7%	387	417	+7.8%
New Hampshire Charitable Foundation (Concord)	$76,000,000	$72,286,251	-4.9%	$3,700,000	$3,862,613	+4.4%	370	432	+16.8%
Communities Foundation of Texas (Dallas)¹	$320,822,000	$284,374,332	-11.4%	$29,141,000	$48,180,524	+65.3%	425	428	+0.7%
Dayton Foundation (Ohio)¹	$18,746,012	$16,538,777	-11.8%	$2,138,109	$1,238,541	-42.1%	73	74	+1.4%
Denver Foundation	$86,200,000	$95,000,000	+10.2%	$12,593,000	$12,600,000	+0.1%	174	216	+24.1%
Community Foundation for Southeastern Michigan (Detroit)	$66,380,248	$57,593,000	-13.2%	$10,040,000	$8,800,000	-12.4%	291	297	+2.1%
Community Foundation of Greater Flint (Mich.)	$1,560,790	$1,723,272	+10.4%	$582,529	$537,753	-7.7%	20	22	+10.0%
Hartford Foundation for Public Giving (Conn.)	$87,301,877	$75,066,672	-14.0%	$4,509,677	$5,196,168	+15.2%	124	121	-2.4%
Central Indiana Community Foundation (Indianapolis)	$151,200,000	$136,796,612	-9.5%	$9,500,000	$7,651,608	-19.5%	243	993	+308.6%
Community Foundation of Jackson Hole (Wyo.)	$8,521,671	$7,607,350	-10.7%	$5,974,951	$7,303,069	+22.2%	94	94	0.0
Kalamazoo Community Foundation (Mich.)	$20,800,000	$17,409,000	-16.3%	$2,550,000	$2,465,000	-3.3%	175	191	+9.1%
Greater Kansas City Community Foundation (Mo.)	$278,709,000	$257,823,000	-7.5%	$35,743,000	$44,668,000	+25.0%	547	548	+0.2%
East Tennessee Foundation (Knoxville)	$20,068,144	$25,181,115	+25.5%	$13,899,326	$13,137,046	-5.5%	109	132	+21.1%
California Community Foundation (Los Angeles)¹	$170,044,000	$167,597,000	-1.4%	$32,300,000	$47,607,000	+47.4%	531	601	+13.2%
Community Foundation of Louisville (Ky.)¹	$47,111,693	$47,036,886	-0.2%	$5,958,292	$4,356,623	-26.9%	82	92	+12.2%
Community Foundation of Greater Memphis⁵	$108,009,251	$96,649,140	-10.5%	$28,355,485	$29,695,547	+4.7%	578	624	+8.0%
Greater Milwaukee Foundation	$80,015,318	$95,999,268	+20.0%	$8,511,835	$8,100,431	-4.8%	360	397	+10.3%
Community Foundation of New Jersey (Morristown)⁵	$37,327,936	$64,846,762	+73.7%	$5,816,995	$8,330,297	+43.2%	505	678	+34.3%
Community Foundation of Middle Tennessee (Nashville)	$91,774,669	$172,428,615	+87.9%	$41,786,208	$32,860,884	-21.4%	205	225	+9.8%
Greater New Orleans Foundation	$56,700,000	$52,200,000	-7.9%	$4,100,000	$5,200,000	+26.8%	225	245	+8.9%
New York Community Trust	$648,000,000	$650,000,000	+0.3%	$87,100,000	$87,091,000	0.0%	928	948	+2.2%
Marin Community Foundation (Novato, Calif.)¹	$47,251,000	$55,757,414	+18.0%	$8,764,000	$15,080,768	+72.1%	111	142	+27.9%
East Bay Community Foundation (Oakland, Calif.)¹	$53,500,000	$57,184,000	+6.9%	$11,500,000	$6,884,500	-40.1%	178	224	+25.8%
Oklahoma City Community Foundation¹	$56,900,000	$53,100,000	-6.7%	$24,817,286	$17,349,939	-30.1%	157	165	+5.1%
Omaha Community Foundation	$10,469,963	$9,581,716	-8.5%	$1,805,815	$634,147	-64.9%	37	41	+10.8%
Philadelphia Foundation	$9,244,017	$46,714,040	+405.3%	$10,477,898	$16,149,861	+54.1%	115	152	+32.2%
Pittsburgh Foundation	$101,432,226	$85,194,442	-16.0%	$5,225,547	$6,080,391	+16.4%	294	319	+8.5%
Oregon Community Foundation (Portland)	$134,973,579	$121,792,992	-9.8%	$10,909,949	$10,200,000	-6.5%	357	380	+6.4%
Rhode Island Foundation (Providence)	$35,770,713	$32,877,439	-8.1%	$2,358,627	$2,080,444	-11.8%	146	156	+6.8%
Community Foundation Serving Richmond and Central Virginia	$59,261,000	$61,149,697	+3.2%	$7,096,098	$11,486,065	+61.9%	169	184	+8.9%
Rochester Area Community Foundation (N.Y.)²	$78,454,688	$66,421,000	-15.3%	$7,805,734	$8,339,636	+6.8%	171	181	+5.8%
Saint Paul Foundation	$245,111,729	$210,301,110	-14.2%	$21,729,558	$16,868,191	-22.4%	411	418	+1.7%
San Diego Foundation¹	$209,000,000	$189,360,000	-9.4%	$111,477,889	$132,229,947	+18.6%	305	455	+49.2%
Community Foundation Silicon Valley (San Jose, Calif.)¹	$241,000,000	$208,000,000	-13.7%	$35,000,000	$41,000,000	+17.1%	148	252	+70.3%
Peninsula Community Foundation (San Mateo, Calif.)	$256,194,363	$264,523,912	+3.3%	$40,166,862	$52,641,711	+31.1%	362	377	+4.1%
Sonoma County Community Foundation (Santa Rosa, Calif.)	$11,156,766	$17,716,026	+58.8%	$3,792,549	$3,025,323	-20.2%	54	62	+14.8%
Seattle Foundation	$119,857,761	$116,524,517	-2.8%	$20,031,728	$19,211,307	-4.1%	435	500	+14.9%
Greater Tacoma Community Foundation (Wash.)¹	$4,333,918	$4,089,900	-5.6%	$449,460	$424,002	-5.7%	35	41	+17.1%
Community Foundation for Southwest Washington (Vancouver)	$14,790,000	$11,100,000	-24.9%	$8,921,000	$4,115,000	-53.9%	64	58	-9.4%
Winston-Salem Foundation (N.C.)	$57,319,885	$49,456,184	-13.7%	$12,175,437	$12,769,544	+4.9%	530	539	+1.7%
	Assets			Amount distributed to charities			Number of funds
Organization	2001	2002	Percent change	2001	2002	Percent change	2001	2002	Percent change
Jewish Federations
Combined Jewish Philanthropies of Greater Boston¹	$113,262,263	$112,401,889	-0.8%	$17,192,662	$19,442,309	+13.1%	544	562	+3.3%
Jewish Federation/Jewish United Fund of Metropolitan Chicago¹	$91,909,469	$90,786,707	-1.2%	$31,250,460	$34,282,231	+9.7%	654	684	+4.6%
Jewish Community Federation of Cleveland¹	$159,742,000	$127,189,000	-20.4%	$42,079,000	$40,475,000	-3.8%	7,300	7,200	-1.4%
Jewish Community Foundation (Los Angeles)	$103,000,000	$110,000,000	+6.8%	$25,000,000	$31,000,000	+24.0%	450	500	+11.1%
Jewish Communal Fund (New York)¹	$640,000,000	$627,000,000	-2.0%	$155,000,000	$168,900,000	+9.0%	1,850	1,850	0.0
Jewish Community Federation of San Francisco, Peninsula, Marin & Sonoma Counties¹	$200,085,000	$187,600,000	-6.2%	$39,800,000	$37,600,000	-5.5%	672	713	+6.1%
	Assets			Amount distributed to charities			Number of funds
Organization	2001	2002	Percent change	2001	2002	Percent change	2001	2002	Percent change
Other Groups
American Endowment Foundation (Hudson, Ohio)	$42,300,000	$43,800,000	+3.5%	$2,800,000	$11,300,000	+303.6%	250	300	+20.0%
Charities Aid Foundation America (Alexandria, Va.)	$1,506,218	$2,146,246	+42.5%	$5,342,599	$3,486,317	-34.7%	33	33	0.0
Christian Community Foundation (Woodland, Colo.)	$45,893,997	$43,584,453	-5.0%	$15,856,728	$9,730,570	-38.6%	960	1,085	+13.0%
Cornell University (Ithaca, N.Y.)¹	$15,262,562	$14,104,768	-7.6%	$4,350,936	$2,893,836	-33.5	57	61	+7.0%
Donors Trust (Alexandria, Va.)	$17,866,079	$20,018,166	+12.0%	$711,124	$1,319,999	+85.6%	13	21	+61.5%
FJC (New York)¹	$64,500,000	$68,200,000	+5.7%	$13,900,000	$10,500,000	-24.5%	502	575	+14.5%
Funding Exchange (New York)¹	$18,727,571	$18,148,413	-3.1%	$4,407,235	$3,948,546	-10.4%	99	100	+1.0%
Harvard University (Cambridge, Mass.)¹	$39,000,000	$39,000,000	0.0	$4,200,000	$6,100,000	+45.2%	14	14	0.0
Indiana University System (Bloomington)¹	$233,126	$224,246	-3.8%	$203,038	$203,038	0.0	1	1	0.0
Lutheran Community Foundation (Minneapolis)	$5,475,282	$6,711,588	+22.6%	$2,033,034	$1,747,719	-14.0%	17	20	+17.6%
National Christian Charitable Foundation (Atlanta)	$362,000,000	$350,000,000	-3.3%	$95,000,000	$103,288,000	+8.7%	1,600	2,000	+25.0%
Peace Development Fund (Amherst, Mass.)¹	$873,706	$563,942	-35.5%	$111,250	$124,700	+12.1%	4	4	0.0
Presbyterian Church (U.S.A.) Foundation (Jeffersonville, Ind.)	$4,322,718	$3,756,990	-13.1%	$637,066	$810,013	+27.1%	23	31	+34.8%
Rockefeller Philanthropy Advisors (New York)	$43,862,506	$31,991,729	-27.1%	$25,410,161	$17,536,737	-31.0%	59	67	+13.6%
Rotary Foundation of Rotary International (Evanston, Ill.)⁶	0	$962,078	–	0	$25,300	–	0	18	–
Tides Foundation (San Francisco)	$155,900,000	$138,829,231	-10.9	$76,300,000	$59,536,000	-22.0%	300	314	+4.7%
World Vision (Federal Way, Wash.)⁴	$23,172,412	$26,802,319	+15.7%	$9,726,400	$10,090,101	+3.7%	88	92	+4.5%
Note: All data are for the end of the 2001 or 2002 fiscal years. n/a=Not available 1. Figures are for the fiscal year ending June 30. 2. Figures are for the fiscal years ending March 31, 2002, and March 31, 2003. 3. Organization began offering donor-advised funds in October 2001. 4. Figures are for the fiscal year ending September 30. 5. Figures are for the fiscal year ending April 30. 6. Organization began offering donor-advised funds in April 2002. Figures cover two months of the fiscal year ending June 30, 2002.