Nearly 75 percent of all annual survey respondents have a policy in place to activate "dormant" DAFs, defined by the passage of a predefined time horizon without the recommendation of a grant. (n=187)

DAFs at community foundations tend to be highly active grantmaking vehicles; more than one-third of all respondents reported distribution rates from DAFs in excess of 10 percent. With typically higher proportions of pass-through funds available for granting, larger community foundations tend to report higher distribution rates overall.

Sample size for DAF distribution rates are slightly smaller (n=157) than for the whole foundation (n=193).

Roughly 20 percent of all Annual Survey respondents reported DAF flow rates of over 100 percent, granting more from their DAFs than those funds brought in as gifts. The "flow rate" of DAFs compares a given year's grantmaking total with its gift total, dividing grants by gifts. This metric may help capture the activity of donors who contribute to their DAF and grant from it that same year. (n=147)

DAFs are highly active philanthropic vehicles within and beyond community foundations. (n=157)

Larger community foundations tend to manage more DAFs than their smaller counterparts, as they seek to grow their donor bases and provide services to those donors to facilitate their participation in locally-focused philanthropy.

Averages were used to total 100 percent. (n=157)

Smaller, emerging, and growing community foundations that may be focused on asset growth typically have a relatively high proportion of endowed assets. Larger community foundations, with an increased focus on diversifying their portfolios and providing flexible options for donors to engage in philanthropy, are more likely to have a higher proportion of pass-through funds.

With community foundations continuing to serve as highly active players during the pandemic's second year, nearly every asset size cohort saw increases in these metrics for the second consecutive year. Medians across the field tend to scale up along with asset size, with larger community foundations achieving an economy of scale. (n=193)

In FY21, the median community foundation saw gift totals increase by over 14 percent, and over a quarter of survey respondents reported that their fundraising totals increased by more than half over the previous year.

Longitudinal tracking of growth in assets, gifts, and grants is done using a consistent sample of the largest 100 community foundations by asset size, who together hold over 90 percent of the dollars in the field. This group's collective asset total grew by nearly 25 percent over FY20. Fundraising growth accelerated considerably, increasing by 54 percent, with grantmaking also increasing by nearly 10 percent.