FOR IMMEDIATE RELEASE
iGiftFund Earns #2 Spot
in National Ranking of Top 20 DAF Sponsors
The independent, Ohio-based DAF sponsor beats out the giants in the DAF sponsor industry.
Hudson, Ohio – December 5, 2023 – Opening in 2018, The Independent Charitable Gift Fund (iGiftFund) based in Hudson, Ohio, earned the number two spot as one of the Top 20 DAFs in the country, according to DonorAdvisedFunds.com, an independent leader, advising individuals and companies on donor advised funds. As number 2, iGiftFund beats out other notable DAF sponsors including Fidelity, Schwab, Vanguard, NPT, and AEF.
DonorAdvisedFunds.com uses its proprietary algorithm (DAFScore™) to access and evaluate factors such as affordability, customer service, ease of use, and restrictions to help donors and advisors make informed decisions about choosing a DAF sponsor.
“This ranking is meaningful because it is based on factors important to the donor’s experience,” said iGiftFund Founder Phil Tobin, one of the longest-serving DAF experts in the country. He founded AEF in 1992 as the country’s first, independent, advisor-managed DAF program in the country. Recognizing that DAFs had become a virtual commodity in an industry dominated by national financial institutions and other charity organizations, he departed AEF to found iGiftFund Fund in 2018 on the belief that philanthropy should be simple, affordable, straightforward, and enjoyable without restrictions and conflicts- of- interests often found in the DAF programs of the national DAF sponsors.
Tracing their origin in the 1930s and rapid rise to popularity in the 1990s, DAFs are now the most popular, fastest-growing form of charitable giving in America. Today there is over $228 billion invested in nearly 2 million separate DAF funds sponsored by 1151 DAF sponsors. “More Americans than ever are using Donor Advised Funds to create and pass on their charitable legacy,” said Tobin. “The ability now to independently evaluate the DAF offerings of various sponsors in a simple way is most welcome.”
“We have the longest DAF experience and lowest admin fees in the industry. We do not use impersonal call centers. Our donors and advisors speak with us directly for guidance,” said Tobin. “Our IT interface allows us to scale and compete head-on with the largest DAF sponsors in the industry yet still have time to build relationships and offer personal
attention. It’s about the donor experience”, he said.
Here is a sample taken from DonorAdvisedFunds.com’s rankings of the top 20 DAFs in the
country (for the complete list see link: https://www.donoradvisedfunds.com/search
#1 Greater Horizons/Greater Kansas City Community Foundation
#2 Independent Charitable Gift Fund (iGiftFund)
#3 National Christian Foundation
#4 Schwab Charitable
#6 Fidelity Charitable
#9 Renaissance Charitable Gift Fund
#10 National Philanthropic Trust (NPT)
#15 American Endowment Foundation (AEF)
#17 Morgan Stanley Global Impact Funding Trust (MSGIFT)
#18 Vanguard Charitable
“We are absolutely thrilled with this ranking. It tells us we’re doing the right things for our donors and advisors by making DAFs simple, affordable, easily accessible, and enjoyable,” said Tobin.