Donors with DAFgiving360, formerly Schwab Charitable, granted over $7.7 billion to charity in 2024, a 25% increase from 2023.
Donors made more than 1.3 million grants to 151,000 501(c)(3) nonprofits, according to DAFgiving360, which is one of the largest national providers of donor-advised fund accounts and related philanthropic resources,
“We are humbled by the incredible generosity of our DAFgiving360 donors and grateful that they entrust our solution to support their charitable giving goals,” Fred Kaynor of DAFgiving360 said in a news release. “Their sustained approach to giving is especially remarkable. For every contribution made in 2024, donors recommended 10 grants to charities, at a pace of $21 million dollars in grants on average each day,” said Kaynor, who is managing director of relationship management, marketing and partnerships,
Donors with a DAFgiving360 account can contribute cash, securities or other appreciated non-cash assets. Donors and their families can then recommend grants to charities at any time to support both immediate and long-term charitable goals. Since DAFgiving360 was established in 1999, the organization has helped individuals and families give more than $40 billion to more than 270,000 charities.
Contributions to a DAF are immediately set aside for charitable use, so donors can respond quickly to support those affected by natural disasters or humanitarian crises.
Donors granted more than $175 million for disaster relief to charities including for the fires in California and hurricanes in the Southeast.
72% of grants did not specify a purpose, which allowed organizations to deploy the grants as needed.
One third of grants were recurring, providing continuing support for a charity.
83% of donors granted within their home state.
In 2024, 64% of contributions to DAFgiving360 were in the form of non-cash assets. Investment growth has created an additional $16 billion available for grants to charity since DAFgiving360’s inception.
DAFgiving360 works with more than 4,600 financial advisors, and in 2024, 78% of its donor account assets were associated with a professional investment advisor.
