You’re no doubt familiar with donor advised funds, especially if some of your donors use their donor advised funds at The Foundation for Enhancing Communities (TFEC) to support your organization. What you might not know is that the national average annual “pay-out rate” for all donor advised funds is 18%, and most donor advised funds make at least one grant per year. Furthermore, donor advised funds help many individuals and their loved ones get involved in organized giving at a low barrier to entry. Indeed, nearly half of all donor advised funds carry balances less than $50,000. To dive deeper into these and other insights, we suggest taking a look at the Donor Advised Fund Research Collaborative’s recently released study.
At TFEC, we are committed to growing philanthropy, connecting donors to the causes they care about, and leading on critical community issues in Central Pennsylvania. An important part of our mission is offering donors a wide range of ways to give to your organization and other charities that are most important to them. In many cases, establishing a donor advised fund, field-of-interest fund, designated fund, or other type of fund at the community foundation helps a donor unlock assets for charitable purposes that would otherwise be difficult to tap. This is especially the case with highly-appreciated, noncash assets such as closely-held stock and real estate. We also make it easy for donors to structure long-term giving plans and bequests so that they can maximize their support for you and other favorite nonprofit organizations and involve their loved ones too, too.
Please reach out to us at anytime if you’d like to learn more about our mission to grow philanthropy in Central Pennsylvania.
