DAFgiving360 Donors Grant $7.7 Billion to Charity in 2024

Since the organization’s founding in 1999, DAFgiving360 donors have used their donor-advised fund accounts to grant more than $40 billion to 270,000 nonprofit organizations

February 11, 2025, SAN FRANCISCO – DAFgiving360™, one of the largest national providers of donor-advised fund (DAF) accounts and related philanthropic resources, reports that its donors granted more than $7.7 billion to charity in 2024, a 25% increase – or $1.5 billion more – compared to 2023. Donors supported 151,000 individual 501(c)(3) nonprofits through more than 1.3 million grants.

“We are humbled by the incredible generosity of our DAFgiving360 donors and grateful that they entrust our solution to support their charitable giving goals,” said Fred Kaynor, Managing Director of Relationship Management, Marketing, and Partnerships at DAFgiving360. “Their sustained approach to giving is especially remarkable. For every contribution made in 2024, donors recommended 10 grants to charities, at a pace of $21 million dollars in grants on average each day.”

A DAF account is a simple, efficient, and tax-smart solution for charitable giving. Once a DAF account is set up, donors can contribute cash, securities, or other appreciated non-cash assets. Donors and their families can then recommend grants to charities quickly and easily at any time to support both immediate and long-term charitable goals. Since DAFgiving360 was established in 1999, the organization has helped individuals and families give more than $40 billion to more than 270,000 charities.

Granting when and where it was needed most

Because contributions to a DAF are immediately set aside for charitable use, donors have the flexibility to provide ongoing support to their favorite charities and respond quickly to support those impacted by natural disasters or humanitarian crises as they occur. At DAFgiving360 in 2024: 

• Donors granted over $175 million for disaster relief to charities supporting those affected by unforeseen crises, such as the fires in California and hurricanes in the Southeast. 
• 72% of grant recommendations did not specify a purpose, empowering organizations to quickly deploy the grants where needed most. 
• One out of every three grants were set up as a recurring grant to provide ongoing support for a charity. 
• 83% of donors granted within their home state, reinforcing donor commitment to supporting local causes within their communities.

Helping donors make a greater impact

DAF donors give first and foremost to maximize the impact they can have on the causes and charities they care most about. With a DAF account at DAFgiving360, a contribution in any amount is eligible for a current-year tax deduction. Furthermore, contributing appreciated non-cash assets – such as publicly traded securities, real estate, or private business interests – that are held for more than one year can unlock additional funds for charity by potentially eliminating the capital gains tax donors would incur if they sold the assets and donated the cash proceeds thereafter. This may increase the amount available for grants to charity by as much as 20%. In 2024, 64% of contributions to DAFgiving360 were in the form of non-cash assets. 

Additionally, assets contributed to a DAF account can be invested for potential growth that’s tax-free. Since DAFgiving360’s inception, investment growth has created an additional $16 billion available for grants to charity. 

DAFgiving360 also works with over 4,600 financial advisors who are a critical resource for donors. DAFgiving360’s consultative approach and comprehensive resources enable advisors to help clients incorporate charitable giving into their broader wealth management approach to help maximize their charitable impact. In 2024, 78% of DAFgiving360’s donor account assets were associated with a professional investment advisor.

Providing giving insights

DAFgiving360 offers numerous educational tools and resources to help donors embrace a thoughtful and strategic approach to their philanthropy. The resources assist them in achieving and often exceeding their charitable giving goals. One popular resource is the DAFgiving360 Giving Guide, which helps donors and advisors be more thoughtful about their charitable strategy no matter where they are in their philanthropic journey.

These insights go beyond the use of a DAF account and enhance donor satisfaction. “I have continued to appreciate the opportunity to use [my DAF] to build and execute my philanthropic strategy and legacy,” said Charlton, a DAFgiving360 donor.

About DAFgiving360 

DAFgiving360™ is an independent 501(c)(3) public charity with a mission to increase charitable giving in the U.S. DAFgiving360 does this by providing a tax-smart and simple giving solution of a donor-advised fund (DAF) account to donors and financial advisors. Since our founding in 1999 as a 501(c)(3) public charity, DAFgiving360 donors have recommended over $40 billion in grants to more than 270,000 charities. Visit dafgiving360.org to learn more.

DAFgiving360™ is the name used for the combined programs and services of Donor Advised Charitable Giving, Inc., an independent nonprofit organization which has entered into service agreements with certain subsidiaries of The Charles Schwab Corporation. DAFgiving360 is a tax-exempt public charity as described in Sections 501(c)(3), 509(a)(1), and 170(b)(1)(A)(vi) of the Internal Revenue Code. 

Contributions made to DAFgiving360 are considered an irrevocable gift and are not refundable. Once contributed, DAFgiving360 has exclusive legal control over the contributed assets.

A donor's ability to claim itemized deductions is subject to a variety of limitations depending on the donor's specific tax situation.

Market fluctuations may cause the value of investment fund shares held in a donor-advised fund (DAF) account to be worth more or less than the value of the original contribution to the funds.

These testimonials, statements, and opinions are given by the individuals based solely on the donor’s experience with DAFgiving360, not with any services offered by a third party, and may not be representative of the experiences of other donors. The testimonials are voluntarily provided and no compensation, free products or services, or any bene­fits were given in exchange for the testimonials. They are not indicative of future programs, services, performance, or success. Some statements have been edited.

DAFgiving360 does not provide legal or tax advice. Please consult a qualified legal or tax advisor where such advice is necessary or appropriate.

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