As philanthropic disciplines have evolved, so too have their preferred recipients, giving vehicles, and social values. Philanthropy often steps in to effectively “govern” arts and culture by financially shaping institutional priorities in response to the constantly evolving philosophies and priorities. As funder interest in “Effective Altruism” grows, cultural organizations feel mounting pressure from to make a case for the impact of their work, outside of “art for art’s sake.”
DAF Punks Part One: How Tech-Fueled Disruptors are Reshaping the Role of Donor Advised Funds
While institutional philanthropy is in a boom-time, foundations have not monopolized such growth. The renewed interest in donor advised funds (DAF) since the pandemic has triggered meteoric growth in the amount of assets stored in DAFs, with recent figures showing over $229 billion stored across 2 million DAF accounts, receiving roughly $86 billion in annual contributions, and granting nearly $52 billion in 2022.


