DAF Assets Rise Almost 10% in 2023, But Contributions to DAFs Drop 21%

Total number of funds, payout rate, and value of grants remain essentially the same in National Philanthropic Trust report

The value of assets held in donor advised funds throughout the nation rose nearly 10% in 2023, from $228.9 billion in 2022 to $251.5 billion in 2023, reflecting the significant increase in market value of investments during the year. (The S&P 500 Index was up 26.3% for the year.). But the total value of contributions to DAFs dropped more than 21% from $75.9 billion in 2022 to $59.4 billion in 2023. In the same period, the total number of funds, payout rates, and total value of grants stayed essentially the same. The total number of funds grew from 1.77 million in 2022 to 1.78 million in 2023. The total payout rate (grants made compared to last year’s total assets) dropped slightly from...

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DAF Assets Rise Almost 10% in 2023, But Contributions to DAFs Drop 21%

DAF Assets Rise Almost 10% in 2023, But Contributions to DAFs Drop 21%