MALVERN, Pa.--(BUSINESS WIRE)--Vanguard Charitable, one of the largest charities in the United States and a leading donor-advised fund (DAF), today released an analysis of its donors’ charitable impact based on ten years of granting data and surveys of donors and nonprofit organizations.
In An inside look: 15,330 donors who are giving to charity with a donor-advised fund, Vanguard Charitable examines granting trends of its donors across gender, generation, and geography. The study, which analyzes 10 years of data, also shows the growth in donor-advised funds as a mechanism for charitable giving and reveals who is using DAFs, where they are granting money, for how much, and for what purpose.
Specifically, An inside look found that:
- 56% of donors use a DAF for the majority of their giving
- 73% of DAF donors are involved with the charities that they support
- 94% of donors recommend grants to the same charity more than once
- 61% of donors are strategic about their philanthropy when giving with a DAF by following a long term plan that includes a budget, investment strategy and appropriate time horizon to meet their current and long-term giving objectives
Vanguard Charitable has supported nearly 142,500 unique charities with varying missions and interest areas over the past 10 years. The top recipients of charitable dollars were in the areas of human services, education, and religion.
“Donor-advised funds regularly support thousands of nonprofit organizations that service our country’s critical needs, and the results of this study are a great reflection of that philanthropy,” said Vanguard Charitable President Ben Pierce. "We continue to see an uptick in awareness around donor-advised funds and the benefits they provide to individuals looking to give back to their communities in a strategic and thoughtful way.”
About An inside look
The study from Vanguard Charitable includes commentary on key granting trends and offers suggestions for ways donors and charities can be doing more to further philanthropy overall, such as advocacy, reducing inefficiencies, and greater involvement.
The study is available online at vanguardcharitable.org/InsideLook.
About Vanguard Charitable
Vanguard Charitable is a leading U.S. nonprofit organization that fulfills its mission to increase philanthropic giving by administering a donor-advised fund—a tax-effective way to consolidate, accrue, and grant assets to charity. Since it was founded by Vanguard in 1997 as an independent 501(c)(3) organization, Vanguard Charitable has granted more than $4 billion to charity. More information is available at vanguardcharitable.org.