Draft:HalfMyDAF

Ongoing initiative encouraging charitable giving From Wikipedia, the free encyclopedia


HalfMyDAF is a philanthropic initiative founded by David Risher and Jennifer Risher to increase charitable giving.[1] The campaign offers matching grants to donors who commit to distributing at least half of their donor-advised fund (DAF) to nonprofit organizations within a given year.[2] The campaign was created amid broader debates about the accumulation of charitable assets in donor-advised funds and the pace at which those funds are distributed to nonprofits.[3][4]

Background

The popularity of donor-advised funds has grown significantly in the United States, with assets reaching over $326 billion by 2024.[5] There are currently no federal tax laws mandating payout rates for DAFs comparable to governing private foundations.[6] In 2020, the year #HalfMyDAF was founded, widespread concern about the impact of the COVID-19 pandemic on nonprofits fueled a surge in charitable giving and increased use of donor-advised funds to address heightened funding needs.[7]

Founding and structure

Jennifer and David Risher launched #HalfMyDAF in May 2020. [8] David Risher is the CEO of Lyft and co-founder of the nonprofit Worldreader.[9] Jennifer Risher is the author of We Need to Talk: A Memoir About Wealth.[10]

The initiative operates through a matching grant system. Donors commit to distributing at least half of their donor-advised fund (DAF) balance by an annual Fall deadline.[11] Participating donors submit confirmation of their grants through an online form, and nonprofits receiving these grants become eligible for randomly selected matching grants, typically ranging from $5,000 to $10,000 per organization, with some larger matches available.[12]

In 2023, the campaign partnered with Amalgamated Foundation, which serves as the donor-advised fund sponsor and administrator of the campaign’s matching grant pool.[13]

Impact

In its first year, #HalfMyDAF participants granted $8.6 million from their DAFs to more than 750 nonprofits.[14] Participants in 2020 included John Palfrey (CEO of the MacArthur Foundation), VMware CEO Pat Gelsinger, and Microsoft chief marketing officer Chris Capossela.

By April 2023, the campaign reported that more than $23 million in grants had been distributed from DAFs.[15] As of 2025, total distributions associated with #HalfMyDAF are recorded to have exceed $97 million in grants from donor-advised funds to nonprofit organizations[16].

Reception

Publications including The Chronicle of Philanthropy, Nonprofit Quarterly, Stanford Social Innovation Review, and the Associated Press have discussed the initiative in the context of donor-advised fund giving practices and efforts to increase the pace of charitable payouts.[17][18] Stanford Social Innovation Review cited the campaign as part of broader shifts in philanthropy toward increased giving during donors' lifetimes.[19] Nonprofit Quarterly reported on the launch of the initiative in 2020 and later highlighted #HalfMyDAF among donor-advised fund initiatives that encouraged faster distribution of charitable capital.[20]An Associated Press article on emergency fundraising efforts during the U.S. foreign aid freeze reported that the #HalfMyDAF campaign had tracked approximately $70 million in charitable gifts over four years.[21]

Some policy advocates argue that voluntary initiatives such as #HalfMyDAF are insufficient without statutory payout requirements for donor-advised funds.[22] The Institute for Policy Studies has called for federal legislation establishing mandatory distribution rules similar to those governing private foundations.[23]

References

Sources

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