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Donor-advised funds broaden support: Growth of DAFs 'democratizes' giving by helping expand nonprofits' donor base to all income levels.
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- Author(s): Coutré, Lydia (AUTHOR)
- Source:
Crain's Cleveland Business. 10/28/2019, Vol. 40 Issue 43, p15-15. 1p.
- Subject Terms:
- Additional Information
- Abstract:
Donor-advised funds broaden support: Growth of DAFs "democratizes" giving by helping expand nonprofits' donor base to all income levels As the popularity of donor-advised funds grows, community foundations and grantmakers in the area are working to support and engage these donors. At the Community Foundation of Lorain County, DAFs have grown such that 77% of the foundation's grantmaking now is through donor-advised funds, said Cynthia Andrews, president and CEO of the foundation. [Extracted from the article]
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