Donor-advised funds tend to make up a more significant portion of assets in larger community foundations, which, while also having a higher proportion of non-endowed assets, could be reflective of their ability to provide flexible grantmaking options to their donors.

Averages were used to total 100%.
(n=238)

All respondents

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$25-$50M

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$50-$100M

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$100-$250M

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$250-$500M

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>$500M

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Size of Foundation Donor-advised funds Discretionary funds All other funds
$0-$25M 10% 25% 64%
$25-$50M 17% 18% 64%
$50-$100M 27% 21% 52%
$100-$250M 24% 18% 58%
$250-$500M 36% 15% 49%
$500M+ 35% 13% 52%
All 22% 19% 58%