Donor-Advised Funds: The Source Fundraisers Can't Afford to Ignore
There are pros. There are cons. Either way, donor-advised funds continue to grow in popularity, and fundraisers neglect them at their own peril.
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Joe Boland
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The ‘rainy day’ concern?
One of the most common concerns from a fundraising perspective is that DAF donors would sit on their money in these accounts — money that would have otherwise gone directly to charity through other means — meaning less money in the sector.
“From what I’ve seen, those fears have not been realized. In fact, the opposite is true,” Berger says. “More money is being given out. Donors are not parking money there for 30 years.”
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- Companies:
- Charity Navigator
- Fidelity Investments
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Joe Boland
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