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Donor-advised sponsors have elbowed their way into the top ranks of U.S.-based charities, according to The Chronicle of Philanthropy’s list of the 400 nonprofits that raised the most private support in fiscal 2014.
Five donor advised funds (DAF) managers, plus one community foundation that derives much of its support from DAFs, are among the new list’s 15 biggest charities.
Over the 25 years of the Philanthropy 400, DAFs and community foundations grew from 2 percent of total giving in 1991 to 18 percent in 2014, research showed.
The Chronicle compiled results from data derived from a survey sent to some 750 tax-exempt organizations and from information collected from Form 990 informational tax filings filed with the Internal Revenue Service.
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