Share Article

An Efficient Charitable Giving Strategy

Charitable giving is an important part of our American culture. According to Giving USA, Americans donated $427.71 billion to U.S. Charities in 2018.1 In recently years, donor-advised funds (DAFs) have gained popularity as a vehicle for giving. In fact, contributions to DAFs as a percentage of total giving increased from 4.4 percent at the end of 2010 to 12.7 percent at the end of 2018.2 Following is an overview of DAFs and why this vehicle is becoming an increasingly popular choice for charitable giving.