May 19, 2013
Donor-Advised Funds Keep Up Rapid Growth
The funds are now worth more than a third more than they were before the recession started
Donor-advised funds continue to surge past nonprofits and foundations in accumulating charitable assets: They are now worth almost one third more than they were before the recession started in 2007, says a new Chronicle survey of 134 funds.
The strong growth, which comes in large part because donations to the funds grew 46 percent last year, is in stark contrast to nonprofits, which attracted just 7 percent more in contributions, according to
The Philanthropy 50