by Timothy Freundlich, ImpactAssets Donor advised funds (DAFs) numbered roughly one million accounts hosted across 1,000 community foundation and nonprofit sponsors, with $160 billion in assets at the end of 2020. With a compound annual growth rate of 17% over the last five years, DAFs are growing much faster than private foundations as a storehouse of philanthropic assets. And, historically they grant more than 20% of assets each year. But what about the remaining philanthropic capital?
