Spurred by the pandemic, grant making from donor-advised funds managed by community foundations shot up significantly in 2020, according to a new survey from the Community Foundation Public Awareness Initiative.
In all, these donor-advised funds distributed more than $6.7 billion to nonprofits in 2020. That’s roughly 41 percent more than the $4.7 billion they gave out in 2019.
Donor-advised-fund holders at these community foundations contributed $7.7 billion to their funds in 2020, said Peter Panepento, spokesman for the Community Foundation Public Awareness Initiative. In 2019,
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