Total grant dollars awarded through donor-advised funds in 2020 increased 27 percent on a year-over-year basis, to $34.67 billion, a report from the National Philanthropic Trust finds.
Based on data from 976 DAF-sponsoring organizations, including fifty-five national charities, 603 community foundations, and 318 single-issue charities, the 2021 DAF Report found that total contributions to DAFs increased 20.6 percent, to $47.85 billion, or 10.1 percent of total estimated charitable giving in the United States last year. Total charitable assets held in DAFs grew 9.9 percent, to $159.83 billion; the number of DAF accounts rose 16.3 percent, to more than a million; and the payout rate ticked up from 22.3 percent in 2019 to 23.8 percent in 2020, while the average size of DAF accounts declined 5.5 percent, to $159,019. By comparison, approximately ninety thousand independent foundations awarded grants totaling $63.6 billion, up 17 percent on a year-over-year basis, and held $1.1 trillion in charitable assets, up 10 percent.
According to the report, national charities sponsored 864,099 DAF accounts in 2020 — an increase of 20 percent from 2019 — which awarded grants totaling $21.17 billion, an increase of 23.2 percent, with contributions totaling $33.26 billion, up 18.7 percent; assets totaling $100.15 billion, up 12.9 percent; a payout rate of 23.9 percent, up slightly from 23.7 percent; and an average account size of $115,901, down 5.9 percent. Community foundations sponsored an estimated 84,334 DAF accounts, up 0.4 percent, which awarded grants totaling $8.29 billion in 2020, a 33.7 percent increase, with contributions totaling $9.64 billion, a 41.5 percent increase; assets totaling $45.84 billion, up 9.5 percent; a payout rate of 19.8 percent, up from 17.1 percent; and an average DAF account size of $543,553, up 9 percent. And single-issue charities sponsored an estimated 56,666 DAF accounts, up 5.3 percent, which awarded grants totaling $5.21 billion in 2020, an increase of 33.6 percent, with contributions totaling $4.95 billion, up 1.6 percent; assets totaling $13.84 billion, down 6.9 percent; a payout rate of 35 percent, up from 29.1 percent; and an average DAF account size of $244,238, down 1.8 percent.
“The fifteenth annual Donor-Advised Fund Report reflects DAF donors’ initial, very generous response to the COVID-19 pandemic, calls for racial justice, and major climate change-related disasters,” said National Philanthropic Trust CEO Eileen Heisman. “Twenty-twenty was a year that defied expectations with global crises, amplified social movements, and economic disruptions due to the pandemic. What this report affirms is that DAF donors not only responded quickly but also gave with historic generosity to the causes that mean most to them….Grants grew 30 percent faster than contributions in 2020. Grant growth has outpaced contribution growth six out of the last ten years, and total annual grantmaking from DAFs has increased four-fold over the past decade.”
(Photo credit: GettyImages)
Nearly six in ten Americans prefer a donation in their name to a gift | Philanthropy news
Nearly six in ten (59 percent) Americans say they would rather have a donation made on their behalf to their favorite charity than receive a gift for themselves this year, a report from Fidelity Charitable finds.
Based on a survey of more than fifteen hundred American adults, the report, Year-end charitable giving: A 2021 snapshot of how Americans plan to give (8 pages, PDF), found that 64 percent of respondents said they participate in year-end charitable activities, including giving money (53 percent) or donating goods (46 percent) to charities, donating cash or goods directly to families in need (27 percent), performing random acts of kindness (25 percent), and volunteering (20 percent).
Among respondents who have a minimum of $25,000 in investable assets and donated at least $1,000 to charity in 2020, 35 percent said they plan to give “notably more” in 2021, 57 percent planned to give “about the same,” and 8 percent planned to give “notably less.” Within this group, 87 percent of respondents reported using cash, checks, or credit cards to give, while fewer said they were aware of other giving options and even fewer had ever used options such as donating appreciated assets, including publicly traded securities (55 percent aware, 18 percent used) and privately held or restricted stock (54 percent, 17 percent), making a qualified charitable distribution from an IRA (54 percent, 18 percent), or giving through donor-advised funds (41 percent, 17 percent).
The survey also found that 63 percent of respondents who give said they would “definitely” (31 percent) or “probably” (32 percent) take advantage of a temporary federal law allowing tax deductions for some cash donations even if the taxpayer doesn’t itemize their taxes.
“At such a busy time, it’s easy to put off year-end charitable decisions, but there are advantages to acting early,” said Fidelity Charitable COO Kristen Robinson. “You can maximize your ability to support your favorite causes and your 2021 tax benefits using smart giving strategies. And while we encourage people not to run down the clock for practical reasons, we think it will be particularly meaningful to integrate charitable activity into holiday traditions this year after another challenging year that has reinforced the importance of supporting our communities and each other.”
Top tips to make your Christmas fundraising campaigns shine!
‘Tis the season of giving and whether it’s snuck up on you this year, or if you’re well underway with your seasonal fundraising, we’re here to help make your appeal a successful one.
As an early Christmas present from us, we wanted to share some examples of interesting Campaigns on JustGiving and simple ideas to maximise your online fundraising this season. We hope these will give you some extra insight and inspiration to help get your campaign noticed and get you ready to hear the jingle of those all-important donations.
1. Choose simple but effective
Pecan on behalf of Southwark Foodbank made the most of their Campaign Page to encourage both direct donors’ and fundraisers’ support. Sharing stats and insights in both the video embedded on their page and their campaign story, they demonstrate the value of supporters’ donations.
Their big, bold ‘What your donation can do’ image is front and centre of their page, and they follow this with an infographic of great examples of how to fundraise and involve others too.
2. Re-think the Advent Calendar
Reverse advent calendars are growing in popularity and we’re seeing even more charities think outside the [chocolate] box this year. Whilst most reverse advent calendars see supporters set aside money every day of Advent and donate at Christmas, Friends and Families of Special Children did things a little differently last year and encouraged fundraisers to take up activities each day of the month instead.
The example activities would work for all ages and are perfect to get the whole family involved!
3. Remove steps for donors
Campaign: Cross Reach Stand with us this Christmas
Grant your donors their Christmas wish and give them a quick donation journey this year! Add a QR code to your collection bucket at your in-person event, to your printed marketing materials, or add a button to your seasonal newsletter using Giving Checkout.
Create your unique Giving Checkout link, customised QR code and chosen button in your JustGiving account and take donors straight into your tailored donation journey for your festive appeal, and with 0% fees. Cross Reach have already created theirs for their Stand with us this Christmas Appeal.
4. Unite virtually
Campaign: Blue Cross Step into Christmas 25k 2020
Blue Cross, the animal charity encouraged pet lovers to unite together virtually to either walk, jog or run 25km throughout the month of December.
They incentivised their fundraisers by offering a medal to mark their successful completion of the challenge, and an optional extra dog tag medal for any furry friends who took part too!
Challenges like this work perfectly with the JustGiving Strava integration, allowing fundraisers to track their distance covered throughout the month and share updates with their supporters.
5. Bring heart
Campaign: Cosmic Christmas Cracker Appeal
At this time of year social media is saturated and potential supporters are presented with numerous causes to donate to. Adding a personal story and photographs will bring your appeal to life and could resonate with a donor who would have otherwise carried on scrolling.
Adding descriptions of what specific donation amounts could do for your cause adds an even stronger incentive for donors and could encourage a higher donation amount too.
Practical tips for running a successful online appeal at Christmas
If you’d like even more ideas and tips for your seasonal campaign this year, you can re-watch our Christmas 2021: How to run a successful Christmas appeal webinar and hear from Pecan and Blue Cross directly too.
Helmsley Charitable Trust awards $5.2 million for diabetes self-care | Philanthropy news
The Leona M. and Harry B. Helmsley Charitable Trust has announced a three-year, $5.2 million grant to PATH to increase access to the safe administration of insulin and high-quality self-care for people living with diabetes.
According to the Helmsley Trust, more than 464 million people around the world have diabetes, and the majority of them live in low- and middle-income countries. More than half of people living with diabetes struggle to access the insulin and other medications they need, and an unrecognized segment of this population cannot access the commodities needed to measure their blood glucose or safely administer insulin.
The grant will support expansion of the Diabetes CarePak project, which provides products and consumables along with insulin and oral diabetes medication to people living with diabetes. Already underway in Kenya, the project will expand to Tanzania, Mozambique, and Mali and co-create educational content for people living with diabetes to facilitate their own self-care, as well as associated healthcare worker capacity building strategies and materials. The project will be conducted in partnership with people living with diabetes, healthcare providers, the ministries of health in Tanzania, Mozambique, and Mali, and other key health system stakeholders such as the Coalition for Access to NCD Medicines and Products and Life for a Child.
“As we work to create a sustainable, global movement that supports people living with type 1 diabetes to thrive, regardless of location, PATH is an ideal partner,” said Helmsley Trust Type 1 Diabetes program officer Estefania Palomino. “It is unacceptable that insulin and other lifesaving products necessary to maintain safe levels of blood glucose are unaffordable or inconsistently available in many countries. The innovative Diabetes CarePak project has the potential to drastically reduce or eliminate this disparity for many individuals in need.”
(Photo credit: GettyImages)
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