Numbers Game

Numbers Gameblog

Latest research and trends from around the financial advisory business, updated regularly highlighting stats, charts, infographics and all things data.

More advisers are turning to donor-advised funds

Funds increase in popularity among philanthropically inclined investors hoping to offset capital gains taxes

Dec 21, 2014 @ 12:01 am

By InvestmentNews Data and Darla Mercado

Donor-advised funds, which provide clients with an easy way to give to their favorite causes, experienced a sharp pickup in popularity during 2013. Advisers have turned to them as a way to help philanthropically inclined investors offset capital gains taxes, particularly in light of the American Taxpayer Relief Act of 2012 and the five-year bull market.

Fidelity Investments topped the list in both grants and assets in 2013, but the Silicon Valley Community Foundation experienced the most dramatic growth between 2012 and 2013.

Donor-Advised Fund Overview*20132012% change
Charitable assets$ 53.74B$ 44.85B19.8%
Total contributions$ 17.28B$ 13.99B23.5%
Total grant dollars$ 9.66B$ 8.58B12.6%
Grant Payout**21.50%22.50%-4.4%
Total # of donor advised fund accounts217,367205,5525.7%
Average size of donor advised fund*** account$247,217 $218,054 13.4%
* Values reflect 1,018 fund sponsors, of which 1,012 had data for both 2012 and 2013.
** Grant Payout = Grant Dollars divided by Charitable Assets at end of prior year x 100 to get a percentage.
*** Donor Advised Fund. This average is the Total Assets Under Management divided by the Total Number of DAF Accounts.

Largest donor-advised fund charitable sponsors ranked by assets

Charity2013 Assets ($M)% change vs. 20122013 GRANTS ($M)
Fidelity Investments Charitable Gift Fund$10,218.1 35.2%$1,800.0
Schwab Fund for Charitable Giving$4,781.5 51.1%$595.2
Vanguard Charitable Endowment Program$3,590.2 30.3%$501.2
Silicon Valley Community Foundation$3,418.9 99.6%$298.2
National Philanthropic Trust$1,648.3 43.4%$274.2
National Christian Foundation$1,425.1 16.4%$654.6
Jewish Communal Fund of New York$1,163.2 16.6%$272.2
Greater Kansas City Community Foundation$1,074.9 36.5%$84.3
New York Community Trust$1,021.9 12.1%$85.3
Renaissance Charitable Foundation$639.0 31.0%$69.1

0
Comments

What do you think?

View comments

Recommended for you

Featured video

Events

WisdomTree's Maute: Developing elegant tech-enabled solutions

Advisers need unique technology-enabled solutions in order to have more time to expand their practice, according to WisdomTree's Alisa Maute. What can be done today to create a more thriving business of tomorrow.

Latest news & opinion

Nontraded REITs to post worst sales since 2002

The industry is on track to raise just $4.4 billion, well off the $19.6 billion it raised just four years ago, as new regulations hinder sales.

Broker protocol for recruiting a boon for clients

New research finds advisers whose firms have joined the agreement take better care of customers.

Meet our 2017 Women to Watch

Introducing 20 female financial advisers and industry executives who are distinguished leaders, advancing the business of providing advice through their creativity and hard work.

Raymond James executives call on industry to keep broker protocol

Also ask firms to pay for the administration of the protocol to 'ensure its longevity and relevance.'

Senate committee approves tax plan but full passage not assured

Several Republican senators expressed reservations about the bill, and the GOP cannot afford too many defections.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print