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Brian Mittendorf, Professor of Accounting, The Ohio State University

Donor-advised funds are drawing a lot of assets besides cash – taking a bigger bite out of tax revenue than other kinds of charitable giving

The total value of assets held by donor-advised funds is soaring. imaginima/E+ via Getty Images

Donor-advised funds, or DAFs, are financial accounts funded by donors to support future charitable work. This kind of giving differs greatly from charitable giving as a whole because it’s much more likely to involve donations of assets like stock, real estate or cryptocurrencies that have gained in value.

That’s what my co-author, Helen Flannery and I, found in our new study that will soon be published in “Nonprofit Operations and Supply Chain Management” as part of an academic book series.

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