Enhancing Philanthropy Through Innovative Report on DAFs
Innovative Changes in the Annual DAF Report
The National Philanthropic Trust (NPT) has announced an exciting transition for its annual DAF Report, a crucial resource that tracks the development of donor-advised funds (DAFs) over the years. This year marks a significant shift as the report will be transferred to the Donor Advised Fund Research Collaborative (DAFRC), enhancing both transparency and research integrity.
The Role of DAFRC in Advancing Philanthropic Data
The DAFRC, known for its rigorous approach to research, is set to incorporate historical data from NPT while continuing to provide future editions of this pivotal report. This collaboration is aimed at not only maintaining continuity but also enhancing the depth of insight available to donors, nonprofits, and the public at large.
Historical Significance of the DAF Report
According to NPT's CEO, Holly Welch Stubbing, the DAF Report has played a vital role in raising awareness about DAFs for nearly two decades. Initially, NPT painstakingly reviewed hundreds of IRS tax forms to compile comprehensive data, making it a pioneering effort in the sector. As the landscape of donor-advised funds has evolved, so too has the report's scope and depth, now requiring the expertise of DAFRC for further development.
Enhancing Public Availability and Open Science Principles
With its new home at DAFRC, the DAF Report will now benefit from principles of open science, ensuring that it reaches a wider audience while maintaining the integrity of data collection. Dan Heist, Ph.D. from Brigham Young University, emphasized the importance of making this foundational resource accessible, supporting both donors and nonprofits in their missions.
Securing Support for Future Reports
The DAFRC is actively seeking funding from a wide range of sponsors, including NPT and various community foundations. This vital funding will not only help sustain the publication but also ensure that all funders' contributions are transparent in the forthcoming editions. The DAFRC anticipates releasing the next DAF Report by the end of the upcoming year.
NPT’s Ongoing Commitment to Donor-Advised Funds
As the report transitions to DAFRC, NPT remains committed to exploring new ways to disseminate insights about DAFs. The organization will continue to serve as an expert resource for donors, financial advisors, and nonprofit organizations, helping to evolve the understanding and usage of DAFs in philanthropic efforts.
A Look Ahead: Future of DAFs
Stubbing expressed optimism for the future, hoping that the new direction for the DAF Report will yield fresh insights and enable DAFs to be recognized as key players in philanthropy. This transition signifies a new chapter where engaging with data becomes paramount.
About National Philanthropic Trust (NPT)
Founded in 1996, NPT is the leading independent public charity managing donor-advised funds in the United States. The organization has successfully raised over $73 billion in charitable funding, distributing more than $34 billion in grants to nonprofits worldwide. NPT continues to be a trusted partner, providing philanthropic expertise across various sectors.
About the Donor Advised Fund Research Collaborative (DAFRC)
Co-founded by Dr. Dan Heist and Dr. Danielle Vance-McMullen, the DAFRC focuses on empirical research aimed at enhancing the public's understanding of donor-advised funds. The organization is dedicated to advancing the knowledge base surrounding DAFs, emphasizing the importance of data-driven insights in the philanthropic sector.
Frequently Asked Questions
What is the DAF Report?
The DAF Report is an annual publication that provides comprehensive data and insights on donor-advised funds, tracking their evolution and impact on philanthropy.
Why is the DAF Report changing its publisher?
The report is being transitioned to the DAFRC to leverage their expertise in data analysis and to incorporate open science principles, enhancing transparency and accessibility.
How has the DAF Report evolved over the years?
The DAF Report has significantly grown in complexity and depth from its inception, transitioning from a limited resource to a foundational publication for the sector.
What role does NPT play after the transition?
NPT will continue to provide expertise and explore new ways to share valuable data with stakeholders in the nonprofit sector.
When can we expect the next DAF Report?
The DAFRC plans to release the next edition of the DAF Report by the end of the upcoming year, with contributions from a range of sponsors.
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