National Philanthropic Trust Releases 2013 Donor-Advised Fund Report

"The economic 'Fiscal Cliff' at year-end and the debate on Capitol Hill about the status of the charitable tax deduction — as well as increased awareness of the flexibility and functionality DAFs — sparked especially dramatic growth in DAF accounts and contributions in the last quarter of 2012," said Eileen Heisman, president and CEO of National Philanthropic Trust. "Looking forward, I expect next year's report will also reveal a second year of back-to-back record increases for key metrics in the DAF market related to the Fiscal Cliff and its threat to change the charitable tax deduction."