The Nationwide Philanthropic Belief, a public charity that gives philanthropic experience to donors, foundations, and monetary establishments, has introduced that it awarded greater than $1.67 billion in grants from its donor-advised funds in 2019, a rise of 62 % from the $1.03 billion it awarded in 2018.
The unbiased DAF sponsor made 62,858 grants in 2019 — up 35 % from 2018 — in help of quite a lot of charities and causes, together with girls’s rights in Atlanta, literacy programming in Denver, wildfire aid in Australia, and efforts to scale back toddler mortality in Morocco. As well as, the group’s affiliate in the UK, NPT Transatlantic, made a report variety of grants in 2019, awarding greater than $29.1 million (£22.eight million) to nonprofits and charitable causes, a rise of 75 % over 2018.
In its abstract, the group famous that along with money contributions, many donors contributed much less liquid property to their DAF accounts comparable to appreciated inventory, stakes in numerous companies, actual property, and artwork and cryptocurrency.
“NPT was based nearly twenty-five years in the past when nobody knew what a DAF was,” stated NPT chief government Eileen Heisman. “Since then, DAFs have develop into the fastest-growing giving car due to their excessive flexibility and ease of use. Each demographic makes use of DAFs, from millennials to child boomers. Whereas our donors have numerous philanthropic values and objectives, they share an amazing dedication to charitable giving.”