A article posted in the latest Chronicle of Philanthropy identifies Servant’s national affiliate, The National Christian Foundation out of Atlanta, GA, as the fourth largest provider of donor-advised funds (DAFs) in the nation. Each of the three programs larger than NCF are commercial funds associated with national investment firms.
The article highlights the fact that most DAF programs have been significantly impacted by the economic downturn, similarly to other charitable investments and endowments. Though NCF’s assets were down from previous years, a primary reason for this is the greater amount of grants going to ministries in greater need than most years. Many generous Christians have responded to the urgencies of the day by increasing their giving.
At Servant, we’ve seen giving increase YTD over 2008 by 17%. We’re excited to facilitate all giving, and have worked with givers to find creative ways to give a greater amount in 2009, even if extra cash isn’t available.