DAFs are a significant source of fund activity within the field and within this data sample. In 2023, they made up 30% of all reported assets, received 47% of all fundraising dollars, and gave 57% of all grant dollars (n=485). Grantmaking totals continued to climb with a median 5% year-over-year increase, despite broad declines in fundraising (with a median year-over-year decrease of 15%).