Donor-advised funds continue to surge past nonprofits and foundations in accumulating charitable assets: They are now worth almost one third more than they were before the recession started in 2007, says a new Chronicle survey of 134 funds.
The strong growth, which comes in large part because donations to the funds grew 46 percent last year, is in stark contrast to nonprofits, which attracted just 7 percent more in contributions, according to The Chronicle’s ranking of the 400 charities that raise the most. The asset surge is also far bigger than at foundations, whose wealth grew by 4 percent according to the newspaper’s latest study.
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Donor-Advised FundsDonor-Advised Funds Keep Up Rapid Growth
The funds are now worth over a third more than they were before the recession started, a Chronicle study finds. -
News
Sizing Up the Biggest Donor-Advised Funds
See the change in total assets at the 10 largest funds between the end of the 2012 fiscal year and now. -
Donor-Advised Funds
How The Chronicle Compiled Its Survey of Donor-Advised Funds
The survey is based on data from 134 community foundations, commercial funds, and other nonprofits.