[IMGCAP(1)]The number of donor-advised funds created, and the amount of donations to them, continue to increase substantially.
A recent report from the National Philanthropic Trust shows there are now three times more DAFs than private foundations, with 238,000 DAF accounts currently, compared to 202,000 two years ago and 174,000 six years ago. There are many reasons for the widespread popularity of DAFs, but one of the main reasons is that financial, legal and tax advisors recognize the benefits and often recommend them to their clients. Additionally, wealth advisors can now often manage these DAF assets.
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