The Institute for Policy Studies’s analysis of data from the National Philanthropic Trust (NPT) latest report on Donor Advised Funds found that DAFs made up 27% of the $319 Billion individuals donated to charity in 2022, surpassing the 14% that went to foundations. Once donations go into a DAF, there is no legal requirement that they ever come back out to working charities. This gives ultra-wealthy individuals an avenue to get publicly subsidized tax deductions for donations.
