(photo from https://www.dafgiving360.org/)
Donors using the DAFgiving360 platform granted more than $7.7 billion to charity during 2024, a 25% increase — or $1.5 billion more — compared to 2023. Donors supported 151,000 individual 501(c)(3) nonprofits through more than 1.3 million grants, via the platform which was originally launched by financial firm Schwab.
For every contribution made to a donor-advised fund account on the platform during 2024, donors recommended 10 grants at a pace of $21 million on average each day, Fred Kaynor, managing director of relationship management, marketing, and partnerships at DAFgiving360, said via a statement.
Some of the DAFgiving360 data includes:
* Donors granted over $175 million for disaster relief to charities supporting those affected by unforeseen crises, such as the fires in California and hurricanes in the Southeast.
* 72% of grant recommendations did not specify a purpose, allowing organizations to quickly deploy the grants where needed most.
* One out of every three grants were set up as a recurring grant to provide ongoing support for a charity.
* 83% of donors granted within their home state, reinforcing donor commitment to supporting local causes within their communities.
Since DAFgiving360 was established in 1999, donors using the platform have recommended gifts of more than $40 billion to more than 270,000 charities.
DAFgiving360™ is the name used for the combined programs and services of Donor Advised Charitable Giving, Inc., an independent nonprofit which has service agreements with subsidiaries of The Charles Schwab Corporation.
