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DonorsTrust Has Another Record Year, What Will 2020 Bring?

January 8, 2020 GMT

ALEXANDRIA, Va.--(BUSINESS WIRE)--Jan 8, 2020--

In 2019, leading donor-advised fund (DAF) DonorsTrust completed a record-breaking year in terms of the new accounts opened, total amount of donations collected and number of grants made.

“The popularity of donor-advised funds reflects not only the charitable tendencies of our fellow citizens, but suggests a growing tendency for givers to be much more strategic about how they give, not just why,” said Lawson Bader, CEO of DonorsTrust.

The 2017 Tax Cuts and Jobs act nearly doubled the standard deduction and shifted the way people think about itemizing their taxes. As a result, DAFs have grown at a rapid pace as taxpayers begin to understand they can maximize their benefits by donating to charities through a DAF.

In 2019, DonorsTrust clients contributed $310 million to its donor-advised fund, an increase of 86% compared to the previous year. More importantly, DonorsTrust accountholders recommended $206 million in grants to 2,200 charities in nearly every U.S. state, an increase of 20% from 2018. These charitable organizations span across a wide range of interests and beliefs, including medical, arts, religion, education, public policy, student programs among many others.

“DonorsTrust has one of the highest payout rates of any U.S. donor-advised fund provider. This reflects a donor-base with a philanthropic strategy that invests in problem solving now, not in twenty years. We are pleased to offer the practicality and ease of a donor-advised fund with the understanding that our fund and its supporters does not sit idle, but engages with thousands of charities on an annual basis. This is what a donor-advised fund should be doing,” added Bader.

As the Nation enters a new decade of philanthropy, many are asking what will 2020 bring? Lawson Bader explains,

To learn more about DonorsTrust, visit www.donorstrust.org.

About DonorsTrust:

Established in 1999 as a 501(c)(3) public charity, DonorsTrust is a community of donors devoted to creating a better future. Our donors support charities they believe protect our Nation’s constitutional liberties and strengthen civil society through private institutions rather than with government programs. Our boutique size lets us offer our donors personal attention and advice that helps them achieve their philanthropic goals. We ensure that our donors’ intentions are protected and offer them a simple, effective and tax-advantaged way to give. Since inception, DonorsTrust has granted out over $1.3 billion to over 4,000 charities that protect our constitutional liberties and strengthen civil society without government funding.

To learn more about DonorsTrust, visit www.donorstrust.org.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200108005177/en/

CONTACT: Hayley Advokat

Hayley.advokat@kglobal.com

202.579.1062

KEYWORD: UNITED STATES NORTH AMERICA VIRGINIA

INDUSTRY KEYWORD: FINANCE FUND RAISING FOUNDATION PROFESSIONAL SERVICES PHILANTHROPY

SOURCE: DonorsTrust

Copyright Business Wire 2020.

PUB: 01/08/2020 08:01 AM/DISC: 01/08/2020 08:01 AM

http://www.businesswire.com/news/home/20200108005177/en