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Donor‐advised funds post strong growth in 2017
Publication year - 2018
Publication title -
nonprofit business advisor
Language(s) - English
Resource type - Journals
eISSN - 1949-3193
pISSN - 1531-5428
DOI - 10.1002/nba.30439
Subject(s) - business , demographic economics , economics , finance , labour economics
The new tax law and strong economic performance led to a major uptick in charitable donations made via donor‐advised funds, according to new data from Schwab Charitable, one of the nation's largest providers of DAF services. Schwab Charitable clients recommended some 368,000 grants through their DAFs, a 35 percent increase over the prior year. All told, the firm facilitated more than $1.6 billion in grants to 71,000 charities for the year.