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      fidelity charitable gift fund

      Two wealthy donors clap at a gala.

      It’s Time to Move the Money out of Donor-Advised Funds

      Because DAFs have no payout requirement, the money often fails to move in a timely way to charities addressing urgent needs.

      Helen Flannery
      Sep 09, 2023

      Last year, we wrote about how donor-advised funds, or DAFs, had become the top recipients of charitable giving in the United States. At the time, we were astounded to discover that DAF sponsors made up 6 of the top 10 and 9 of the top 20 most successful public-charity fundraisers in the country.

      We’ve updated the data for 2021—the most recent year for which complete data is available—and the picture has only gotten more stark. Donor-advised fund sponsors now make up 7 of the top 10 and 11 of the top 20 public charities in the United States.

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