< 1 min read
November 11, 2015
The National Philanthropic Trust's report on Donor-advised funds shows a 27% increase in the charitable grants, totaling $12.5B for 2014.
"Gifts to charity from donor-advised funds grew 27 percent in 2014 to reach $12.5 billion, as assets in fund accounts reached an all-time high, according to a study released today.
"Donor-advised funds held $70.7 billion in assets last year, an increase of nearly 24 percent, says the study of 1,016 donor-advised funds offered by financial companies, community foundations, and other nonprofits. The study was conducted by the National Philanthropic Trust, which has $2.6 billion in donor-advised fund assets under management."--Alex Daniels, The Chronicle of Philanthropy