LONDON--(BUSINESS WIRE)--The 2019 UK Donor Advised Fund Report, the most comprehensive data on donor advised funds (DAFs) in the UK, reveals growth in key metrics. Charitable assets in donor-advised funds have grown each year since data collection for the report began in 2010. 2018 marks the sixth year in a row of growth in contributions to donor-advised funds. Grants from donor-advised funds dipped slightly in 2018 but have grown at a compound annual growth rate of 8.9 per cent between 2014 and 2018.
The 4th annual UK Donor-Advised Fund Report notes that contributions to UK-based DAFs are at an all-time high of £522 million, a 9 per cent increase over the prior year. Total DAF assets available for grantmaking increased to £1.55 billion, an 18 per cent year-over-year increase. National Philanthropic Trust UK publishes the Donor-Advised Fund Report annually.
“As awareness of these giving vehicles grows in the UK, donors and their advisors increasingly use donor-advised funds as the modern alternative to establishing a grantmaking charitable trust or foundation,” said John Canady, CEO of NPT UK. “Since every pound in donor-advised fund accounts is destined for charitable organisations, the rise in contributions is an encouraging sign that philanthropic giving is sustained in the face of global uncertainties. The consistent growth demonstrates that donor-advised funds are becoming well-established as effective giving vehicles in the UK and will likely have a growing role in the philanthropic landscape over the longer-term.”
Key Report Findings
- Contributions to DAFs totalled £522 million, a 9 per cent increase compared to £479.5m in 2017.
- Charitable assets in all DAF accounts totalled over £1.5 billion, an increase of 18 per cent compared to 2017.
- Grants from donor-advised fund accounts to other charities were £312 million, a decline of 2 per cent over the prior year. The compound annual growth rate from 2014 to 2018 was 8.9 per cent.
“DAFs are flexible, easy to manage and allow donors to be strategic about how their philanthropic funds are invested and ultimately given away. They are becoming the vehicle of choice for a new generation of philanthropists who want to ensure they make the most positive social impact possible,” says Canady.
The complete 2019 UK DAF Report is available with no charge or login requirement by clicking here and upon request.
About National Philanthropic Trust UK
NPT UK provides donor-advised funds (DAFs) to donors in the UK and those around the world who wish to base their philanthropy from the UK. We are an independent charity driven by our mission to make philanthropy more convenient and efficient for donors. We offer giving vehicles and expertise to philanthropists, family offices, and wealth managers from one of the world’s leading financial centres.
NPT UK is affiliated with National Philanthropic Trust (NPT), the largest national, independent sponsor of DAFs in the United States. Since its founding in 1996, NPT has raised more than $13.5 billion in charitable contributions, manages more than $8.1 billion in charitable assets, and has made grants totalling $6.8 billion to charities all over the world. NPT publishes the DAF Report annually.
The NPT group also includes NPT Transatlantic, a US/UK dual qualified charity providing DAFs that enable dual taxpayers to benefit from tax relief in both the UK and the US. Learn more at NPTUK.org