Join The NonProfit Times: or Become a member

Subscribe: Print Publication or Newsletter

Stay connected.
Stay informed.

Donor Advised Funds Cash Staying In The Neighborhood

By The NonProfit Times - June 10, 2013

The average number of grants per giving account held at Fidelity Charitable during 2012 was seven with the average grant of $3,773. According to Fidelity Charitable, more than $900 million was granted in amounts of $50,000 or more.

The typical donor is a mature individual living in a major metropolitan area who actively supports philanthropic causes, according to the firm, which issued its first report on the demographics and giving patterns of more than 94,000 individuals who are tied to 57,779 accounts. The median giving account balance is $14,450.

Fidelity Charitable is an independent public charity that operates a national donor-advised fund (DAF) program.

To show how donors use their accounts over time, one dataset reviewed is giving accounts established prior to 2007. In this dataset, nearly 22 percent of donors recommended grants totaling almost the entire balance of their account, leaving a balance of $200 or less, by the end of 2012. Of the remaining 78 percent of donors, 70 percent recommended grants in at least five of the past seven years and the other 30 percent still actively supported their favorite charities, recommending grants amounting to 69 percent of their total contributions by year-end 2012.

“A key driver behind releasing the Fidelity Charitable Giving Report is to provide the nonprofit organizations we support with an inside look at how these donors approach philanthropy,” said Sarah Libbey, president of Fidelity Charitable. “That insight can help them tap the growing popularity of DAFs.”

While donors support a wide range of nonprofits, grants were made to more than 160,000 public charities. Many of those gifts are staying close to home. Some 57 percent of grants are made to nonprofits in the primary account holder’s home state.

By sector, religious organizations accounted for the largest proportion of grants made at 27 percent, but education attracted the largest proportion of grant dollars at 26 percent in 2012.

When giving accounts are analyzed by size, the proportion of grants made to religious organizations decreases dramatically as the size of the account increases. The proportion of grants to nonprofits in the education, human services, society benefit, and health shows the opposite trend, increasing as the account size grows. Grants to three sectors — environment and animals, arts and culture, and international affairs — are steady regardless of account size.

The average primary DAF account holder is 62 years old and sets up an account at 54, likely attributable to the mid-50s being the age at which people tend to begin to approach charitable giving and legacy planning in a more thoughtful and forward-looking manner, according to the firm. Some 40 percent of donors have maintained a giving account for more than 10 years and more than 13 percent have had an account at least 15 years.

To download the complete Fidelity Charitable Giving Report, visit http://www.fidelitycharitable.org/giving-report.

Help the Nonprofit Community by Participating in a Survey!

Complete NPT’s 2013 Salary and Benefits Survey and you will receive a FREE Executive Summary of the results as well as 50% off the full report.

Click Here to Begin the Survey!

Podcast_forHub_500x500

Sponsored Podcasts

Welcome to the Raise & Engage podcast, a filters-off series for nonprofit professionals hosted by Blackbaud's straight-shooting expert Danielle Johnson Vermenton. During this open-mic session, you’ll hear honest advice to help YOU do more for your cause.

Episode 6: The Power of ‘No’ at Work|| daniellejohnson-76

You have a job description, but on any given day, you're probably doing dozens of things outside the scope of that description. Combine that with the challenge of a fast-paced environment and the shifting priorities of funders, colleagues, and board members and it’s easy to fall short of doing your best. By being mindful of your limitations and capacity—and saying “no” when your plate is full—you can actually do more for your cause. In the sixth installment of the Raise and Engage podcast Danielle Johnson and Robin Anderson discuss the power of saying “no” at work.

Episode 5: Professional Development: Getting Un-Stuck|| daniellejohnson-76

In the most recent episode of Raise + Engage, Danielle is back with Brian Reich from little m media to discuss how nonprofit professionals can stay motivated and energized in their day-to-day roles. Brian shares his experience working with nonprofits and the lessons and tips he's learn from and shared with them over the years, including tips for avoiding a professional rut, creating forward momentum in your career and pushing yourself outside of your comfort zone. If you're considering making a career move or want to ensure you're on the right path, you won't want to miss this inspo-packed episode!

Episode 4: Apps and Hacks to Stay (Mostly) Sane || daniellejohnson-76

Episode 4: Apps and Hacks to Stay (Mostly) Sane, is all about tips, tricks and tools for sanity. Blackbaud’s own interactive product marketer, Julia Lenz, joins host Danielle Johnson to share some high tech. (and no tech.) productivity tips to help nonprofit professionals stay sane in the crazy world of philanthropy.

Tune in to hear:

  • Tips for how to spend the first 30 minutes of your day
  • The benefits of 15 minute meetings
  • Why notebooks are still relevant to a successful organization
  • Ideas for better managing your inbox
  • Why you should take lunch outside the box
  • ...and much more!
Don’t forget to visit the #NoFilterNonprofit Hub afterwards to download our newest tip sheet10 Productivity Hacks for Nonprofits.

Episode 3: Tech. Connection: Solutions, Strategy, and Staff || daniellejohnson-76

Episode 3: Tech. Connection: Solutions, Strategy, and Staff In episode 3 of the Raise + Engage podcast, Danielle Johnson is joined by Chris Geady and William DaSilva, two IT experts in the nonprofit space, to talk technology integration for NPOs: when you need it, when you don’t, and how to do it successfully.


Tune in to hear:

  • When to say NO to integration
  • How to set your strategic plan before even looking at technologies
  • Ways to get your entire team on board
  • The importance of identifying a project lead
  • The RFP process - how it should and should not go
And William shares a story about a nonprofit that may or may not have still been using a typewriter. You don't want to miss this one!

Episode 2: From Socially Awkward to Socially Awesome! || daniellejohnson-76

According to Danielle Johnson, straight-shooting host of the Raise + Engage podcast series, if your staff members aren’t the number one advocates for your cause on social media, you’re failing. In the most recent episode, Danielle is joined by Blackbaud’s own social media guru Madeline Turner to discuss overcoming social struggles and creating a social ambassador program at your organization. This entertaining and insightful duo dishes on the importance of making your social media presence human, making the case for a formal social program to leadership, how University of Michigan turned a one time social media campaign into a long term social program, and how Madeline's mom unknowingly became a social ambassador on #GivingTuesday.

Episode 1: Corporate Culture & Development: Shake It Up! || daniellejohnson-76

In the premiere episode of Raise & Engage, Danielle is joined by three straight-shooting nonprofit rock-stars: Jodi Smith of Sanford Health Systems, Veronica Brown of Chicago Public Library Foundation and Ali Burke of Southlake Regional Health Centre Foundation. The group talks organizational culture, problem employees, why its important to celebrate and how to shake things up this year and build a better more authentic team that gets stuff done!

Newsletters

Stay informed, catch latest trends in the nonprofit space.

Subscribe to Our Free Newsletter

No obligation, unsubscribe at anytime.

Success! Check your email inbox.

Follow Us On Twitter

NPT 2016 Buyers' Guide

Newsletter Sign-up



click here to return to the previous page