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 $218,054 13.4%
* Values reflect 1,018 fund sponsors, of which 1,012 had data for both 2012 and 2013.
** Grant Payout = Grant Dollars divided by Charitable Assets at end of prior year x 100 to get a percentage.
*** Donor Advised Fund. This average is the Total Assets Under Management divided by the Total Number of DAF Accounts.
Charity2013 Assets ($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

Largest donor-advised fund charitable sponsors ranked by assets

0
Comments

What do you think?

View comments

Recommended for you

Featured video

INTV

Here's how we came up with our list of undiscovered talent in mutual funds

Senior columnist John Waggoner talks with assistant managing editor Susan Kelly about how hard work, curiosity and passion landed some fund managers on our list.

Latest news & opinion

SEC advice rule hearing updates

Commission says a lot of work ahead, public will have 90 days to comment.

SEC advice proposal unveiling: Here's what to expect

Chairman Jay Clayton will initiate momentous action Wednesday, as the commission meets to debate a rule on broker and adviser standards.

How active are the largest actively managed funds?

Active-share measures for the 15 largest actively traded mutual funds.

Morgan Stanley's success looks long in the tooth to analyst

Sanford C. Bernstein & Co. analyst Christian Bolu, concerned over stalled adviser growth and what it means for lending and deposit growth, believes the stock will "under perform."

Retirement coverage gap, 401(k) rollovers are big emerging threats for plan advisers

Proliferation of state retirement programs approaching the 'tipping point' where it will lead the federal government to step in.

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print