Larger community foundations tend to have higher proportions of assets in donor-advised funds, which, in combination with holding more in non-endowed assets, reflect an ability to provide flexible philanthropic vehicles to donors.

Averages were used to total 100 percent. (n=255)

Size of Foundation Donor-advised funds Discretionary funds All other funds
$0-$25M 15% 24% 61%
$25-$50M 15% 18% 68%
$50-$100M 24% 22% 53%
$100-$250M 29% 16% 54%
$250-$500M 31% 17% 52%
$500M+ 36% 23% 46%
All 24% 20% 57%