{"id":10258,"date":"2026-03-05T21:30:59","date_gmt":"2026-03-06T02:30:59","guid":{"rendered":"https:\/\/carleton.ca\/panl\/?p=10258"},"modified":"2026-03-26T19:53:53","modified_gmt":"2026-03-26T23:53:53","slug":"donor-advised-funds","status":"publish","type":"post","link":"https:\/\/carleton.ca\/panl\/2026\/donor-advised-funds\/","title":{"rendered":"Reports about Donor-Advised Funds"},"content":{"rendered":"<p>In Canada, DAFs represent a fast-growing part of charitable assets &#8212; some say the fastest growing. A 2025 report from <a href=\"https:\/\/carleton.ca\/mpnl\/advisory-council\/\" target=\"_blank\" rel=\"noopener\">Dr. Sharilyn Hale and Keith Sjogren<\/a> notes that assets held in Donor-Advised Funds rose to almost $10.5 billion by the end of 2023. Below are recent reports about the bad, the good and the worthy related to DAFs and DAF issues in Canada and the US.<\/p>\n<p><a href=\"https:\/\/carletonu.yul1.qualtrics.com\/reports\/RC\/public\/Y2FybGV0b251LTY5OGUwM2ZhNDU2MGE5MDAwOGI3MzcxMy1VUl9iUEdpano4cUpJb09MWEw=\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-10299 alignright\" src=\"https:\/\/carleton.ca\/panl\/wp-content\/uploads\/CICP400-300x347.png\" alt=\"The photo shows two graphs from surveys of approximately a thousand charities.\" width=\"252\" height=\"291\" srcset=\"https:\/\/carleton.ca\/panl\/wp-content\/uploads\/\/CICP400-300x347.png 300w, https:\/\/carleton.ca\/panl\/wp-content\/uploads\/\/CICP400.png 400w\" sizes=\"(max-width: 252px) 100vw, 252px\" \/><\/a>The <a href=\"https:\/\/carletonu.yul1.qualtrics.com\/reports\/RC\/public\/Y2FybGV0b251LTY5OGUwM2ZhNDU2MGE5MDAwOGI3MzcxMy1VUl9iUEdpano4cUpJb09MWEw=\" target=\"_blank\" rel=\"noopener\">Charity Insights Canada Project (CICP)<\/a> surveyed approximately 1,000 registered charities in Canada on March 11, 2026, and found that more than half received DAF grants or gifts in the past year. Their report, titled <a href=\"https:\/\/carletonu.yul1.qualtrics.com\/reports\/RC\/public\/Y2FybGV0b251LTY5OGUwM2ZhNDU2MGE5MDAwOGI3MzcxMy1VUl9iUEdpano4cUpJb09MWEw=\" target=\"_blank\" rel=\"noopener\"><em>Weekly Reports: #4.06 Donor Advised Funds<\/em><\/a>, explores charities\u2019 relationships with DAFs and how these funds are shaping parts of the philanthropic landscape. The report contains six graphs of data and two pages of anonymous, DAF-related quotes from charities.<\/p>\n<p><\/p>\n<p><a href=\"https:\/\/www.pemselfoundation.org\/papers\/improving-the-regulation-of-canadian-foundations-with-donor-advised-funds\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-10259 alignright\" src=\"https:\/\/carleton.ca\/panl\/wp-content\/uploads\/Pemsel.png\" alt=\"\" width=\"250\" height=\"240\" \/><\/a><a href=\"https:\/\/www.pemselfoundation.org\/papers\/improving-the-regulation-of-canadian-foundations-with-donor-advised-funds\" target=\"_blank\" rel=\"noopener\"><em>Improving the Regulation of Canadian Foundations with Donor Advised Funds<\/em><\/a> (2025), a paper by <a href=\"https:\/\/www.linkedin.com\/in\/malcolm-burrows-6512b729\/\" target=\"_blank\" rel=\"noopener\">Malcolm Burrows<\/a> for the Pemsel Case Foundation, examines DAFs and proposes ways to address transparency, oversight and governance issues while preserving DAFs\u2019 philanthropic benefits. The Pemsel Case Foundation is mandated to undertake research, education and litigation interventions to help clarify and develop the law related to Canadian charities.<\/p>\n<p><\/p>\n<p><a href=\"https:\/\/twinrivercapital.com\/wp-content\/uploads\/2025\/05\/TwinRiver-DAF-Impact-Investing-Summary-Report-2025.pdf\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-10263 alignright\" src=\"https:\/\/carleton.ca\/panl\/wp-content\/uploads\/River.png\" alt=\"A forest of evergreens rises along two mountain faces as a meandering river cuts through the middle.\" width=\"250\" height=\"233\" \/><\/a><a href=\"https:\/\/twinrivercapital.com\/wp-content\/uploads\/2025\/05\/TwinRiver-DAF-Impact-Investing-2025.pdf\" target=\"_blank\" rel=\"noopener\"><em>Impact Investing and Donor-Advised Funds: Challenges and Opportunities with a View to the Future<\/em><\/a> (2025), by\u00a0<a href=\"https:\/\/carleton.ca\/mpnl\/advisory-council\/\" target=\"_blank\" rel=\"noopener\">Dr. Sharilyn Hale and Keith Sjogren <\/a>at Watermark Philanthropic Counsel, for TwinRiver Capital, answers the question: If given the opportunity, is there a desire from philanthropic actors to generate social\/environmental returns now while making decisions about future giving in Canada? A <a href=\"https:\/\/twinrivercapital.com\/wp-content\/uploads\/2025\/05\/TwinRiver-DAF-Impact-Investing-Summary-Report-2025.pdf\" target=\"_blank\" rel=\"noopener\">13-page summary pdf<\/a> is available, as is the <a href=\"https:\/\/twinrivercapital.com\/wp-content\/uploads\/2025\/05\/TwinRiver-DAF-Impact-Investing-2025.pdf\" target=\"_blank\" rel=\"noopener\">full report<\/a>.<\/p>\n<p><\/p>\n<p><a href=\"https:\/\/cagp-acpdp.aweb.page\/Donor-Advised-Funds\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-10265 alignright\" src=\"https:\/\/carleton.ca\/panl\/wp-content\/uploads\/CAGP.png\" alt=\"\" width=\"250\" height=\"205\" \/><\/a><a href=\"https:\/\/cagp-acpdp.aweb.page\/Donor-Advised-Funds\" target=\"_blank\" rel=\"noopener\"><em>Empowering Philanthropy, An Overview of Donor-Advised Funds<\/em><\/a> (2025) is from a working group of the Canadian Association of Gift Planners co-chaired by <a href=\"https:\/\/www.linkedin.com\/in\/malcolm-burrows-6512b729\/\" target=\"_blank\" rel=\"noopener\">Malcolm Burrows<\/a> and <a href=\"https:\/\/www.linkedin.com\/in\/nicolaelkins\/\" target=\"_blank\" rel=\"noopener\">Nicola Elkins<\/a>, with Keith Sj\u00f6gren, the lead author. The report offers a comprehensive overview of current practices and common issues that are often experienced by foundation and charity executives, fundraisers, donors and professional advisors. The CAGP Foundation offers a suite of five practical resources, including a comprehensive guide.<\/p>\n<p><\/p>\n<p><a href=\"https:\/\/www.dafresearchcollaborative.org\/research\/annual-daf-report\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-10269 alignright\" src=\"https:\/\/carleton.ca\/panl\/wp-content\/uploads\/Annual-1.png\" alt=\"\" width=\"251\" height=\"190\" \/><\/a><a href=\"https:\/\/www.dafresearchcollaborative.org\/annual-daf-report\/2025\" target=\"_blank\" rel=\"noopener\"><em>Annual DAF Report 2025<\/em><\/a>, by the US-based Donor Advised Fund Research Collaborative (DAFRC), draws on data from Internal Revenue Service Form 990, Schedule D, for fiscal year 2024, and provides aggregate data on the number of DAF accounts, contributions to DAFs, grants from DAFs, DAF assets, payout rate and average account size in the US.<\/p>\n<p><\/p>\n<p><a href=\"https:\/\/www.dafresearchcollaborative.org\/research#fundraising-strategy\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-10267 alignright\" src=\"https:\/\/carleton.ca\/panl\/wp-content\/uploads\/Reinventing.png\" alt=\"\" width=\"250\" height=\"220\" \/><\/a><a href=\"https:\/\/www.dafresearchcollaborative.org\/research#fundraising-strategy\" target=\"_blank\" rel=\"noopener\"><em>Reinventing the Cycle: Adapting Relationship Fundraising for Donors Who Use DAFs<\/em><\/a> is one of many reports from the US-based Donor Advised Fund Research Collaborative (DAFRC). The report draws on interviews with 46 professional fundraisers, and offers practical strategies for identifying, cultivating, soliciting and stewarding DAF donors. <a href=\"https:\/\/www.dafresearchcollaborative.org\/research\" target=\"_blank\" rel=\"noopener\">Other research<\/a> focuses on Macro Trends, Donor Behavior and Management &amp; Policy.<\/p>\n<p><\/p>\n<p><a href=\"https:\/\/carleton.ca\/panl\/2023\/donor-advised-funds-and-our-sector-2023-report\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-10271 alignright\" src=\"https:\/\/carleton.ca\/panl\/wp-content\/uploads\/KCI.png\" alt=\"\" width=\"300\" height=\"197\" \/><\/a><a href=\"https:\/\/carleton.ca\/panl\/2023\/donor-advised-funds-and-our-sector-2023-report\" target=\"_blank\" rel=\"noopener\"><em>Influence, Affluence &amp; Opportunity: Donor-Advised Funds in Canada<\/em><\/a> (2023), a report from KCI and the CAGP Foundation, examines the relationships between charities and DAF donors and the foundations that act as intermediaries between them. It suggests strategies for charities and financial advisors to ensure they maximize engagement of DAF donors, and it identifies key areas for improvement in how DAF foundations can support donors and charities. It also quantifies the increasing contribution of DAF donors to the charitable sector in Canada and examines the challenges, criticisms and misconceptions around DAFs.<\/p>\n<p><a href=\"https:\/\/carleton.ca\/panl\/2023\/donor-advised-funds-2023-outlook-by-keith-sjogren\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-10272 alignright\" src=\"https:\/\/carleton.ca\/panl\/wp-content\/uploads\/Dollars.jpg\" alt=\"\" width=\"300\" height=\"125\" \/><\/a><a href=\"https:\/\/carleton.ca\/panl\/2023\/donor-advised-funds-2023-outlook-by-keith-sjogren\" target=\"_blank\" rel=\"noopener\"><em>Donor-Advised Funds: 2023 Outlook<\/em><\/a>, an essay for <em>PANL Perspectives<\/em> by Keith Sjogren, discusses what&#8217;s influencing DAF increases, changes in share within the DAF community, grants from DAFs and which charities benefit from DAFs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Canada, DAFs represent a fast-growing part of charitable assets &#8212; some say the fastest growing. A 2025 report from Dr. Sharilyn Hale and Keith Sjogren notes that assets held in Donor-Advised Funds rose to almost $10.5 billion by the end of 2023. Below are recent reports about the bad, the good and the worthy [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[549,35,167,422,2141],"tags":[3304,443,442,66,77,355,73,81,811,97,1544,2131,461,393,1827,935,1828,577,408,56,1671,52,98,985,90,426,111,453,291,2544,1279,76,96,813,424,71,82,425,812,124,74,75,84,72,2201,423,251,182,427,434,185,229,326,578,371,83,475,814,616,444,171,893,78,79,1039,986],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Reports about Donor-Advised Funds | PANL<\/title>\n<meta name=\"description\" content=\"In Canada, DAFs represent a fast-growing part of charitable assets -- some say the fastest growing. A 2025 report from Dr. Sharilyn Hale and Keith Sjogren\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/carleton.ca\/panl\/2026\/donor-advised-funds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reports about Donor-Advised Funds | PANL\" \/>\n<meta property=\"og:description\" content=\"In Canada, DAFs represent a fast-growing part of charitable assets -- some say the fastest growing. 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