Imagine you have a piggy bank for charity. You put money into it whenever you can, and when you're ready, you distribute that money to your favorite causes. That's essentially how a Donor-Advised Fund (DAF) works, but on a much larger scale. It’s like a charitable savings account, where donors can contribute money, get an immediate tax deduction, and then later decide which nonprofits to support with those funds.

DAFs are a huge force in philanthropy. Need proof? Check out the numbers below:

• $229 Billion: There was over $229 billion in DAF assets at the end of 2022.
• $52 Billion: In 2022 alone, $85 billion was contributed into DAFs, with $52 billion granted out to nonprofit organizations.
• $117,466: The average DAF account balance was $117,466 at the end of 2022.
• 3 Million People: Nearly 2 million individual accounts accessed by 1.6 people on average means over 3 million people are using DAFs for their philanthropy.
• 1,151: There were 1,151 DAF sponsors managing Donor Advised Funds as of year-end 2022.
  

One of the key benefits of DAFs is flexibility. Unlike traditional donations made on the spot, DAFs let you contribute money whenever it suits you and distribute it to charities later. This flexibility empowers donors to plan their giving strategically.

Thanks to innovations like DAFpay by Chariot, donating from your DAF has never been easier. With DAFpay, donors can seamlessly support their chosen nonprofits online, integrating their charitable savings directly with fundraising efforts on CrowdChange.

For nonprofits, DAFs represent a reliable and potentially substantial source of funding. Previously, DAF donations were separate from typical fundraising efforts, but now, integrations CrowdChange means nonprofits can access these funds more efficiently, helping them achieve their missions more effectively.

As DAFs continue to grow in popularity and accessibility, they are reshaping the landscape of philanthropy. More donors are empowered to make significant contributions, and nonprofits can count on more stable funding streams to support their initiatives.

Whether you’re considering setting up a DAF or already have one, you’re part of a movement that’s redefining how we give back. With tools like DAFpay paving the way, the future of charitable giving is brighter than ever.

Just a friendly reminder: DAF Day is right around the corner on October 10th! As a proud launch partner, CrowdChange is excited to be part of this groundbreaking initiative that is transforming how donor-advised funds are used. DAFs are now easier and more impactful than ever. Join us for DAF Day and make a difference together! For more details, check out our full press release.