Which Type of Donor-Advised Fund Is Right for You?
When people first think of donor-advised funds (DAFs), they naturally turn to the national funds — the big-box stores of the donor-advised world. Yet, in 2021, nearly 30% of our new accounts at DonorsTrust rolled over from large, national DAF providers, such as Fidelity Charitable.
Community foundations and Jewish federations were among the first to offer donor-advised funds in the 1930s. Institutions caught on over the past three decades, and DAFs have been flourishing ever since. As of 2020, there are an estimated 1,000 DAF-sponsor organizations in the United States, according to the National Philanthropic Trust.
With a sharp increase in charitable giving over the past two
