Donor-Advised Funds – Bay Area

Published on: by Gene Takagi Category:DONOR-ADVISED FUNDS

From "Donor-Advised Funds:  Assets, Awards, and Accounts at a Sampling of Big Providers," The Chronicle of Philanthropy (April 28, 2005) (reporting 2004 figures and comparisons to 2003):

Peninsula Community Foundation (San Mateo):

  • Assets:  $370,575,777 (+7.7%)
  • Amount distributed to charities:  $75,240,090 (+88.4%)
  • Number of funds:  414 (+3.2%)
  • Amount contributed to funds:  $115,174,383 (+17.7%)

Schwab Fund for Charitable Giving (San Francisco):

  • Assets:  $297,972,900 (+48.7%)
  • Amount distributed to charities:  $75,339,940 (+36.2%)
  • Number of funds:  5,967 (+16.8%)
  • Amount contributed to funds:  $154,292,683 (+115.3%)

Community Foundation Silicon Valley (San Jose):

  • Assets:  $283,361,187 (+18.6%)
  • Amount distributed to charities:  $56,765,743 (+22.2%)
  • Number of funds:  332 (+11.4%)
  • Amount contributed to funds:  $57,412,269 (+46.4%)

San Francisco Foundation:

  • Assets:  $238,056,557 (+20.2%)
  • Amount distributed to charities:  $43,500,000 (-1.1%)
  • Number of funds:  414 (+17.3%)
  • Amount contributed to funds:  $46,740,589 (+56.8%)

Tides Foundation (San Francisco):

  • Assets:  $148,034,358 (+1.7%)
  • Amount distributed to charities:  $74,589,438 (+41.9%)
  • Number of funds:  368 (+3.4%)
  • Amount contributed to funds:  $71,898,289 (+34.8%)

Jewish Community Federation of San Francisco, the Peninsula, Marin and Sonoma Counties:

  • Assets:  $143,906,000 (+12.6%)
  • Amount distributed to charities:  $49,140,763 (+87.8%)
  • Number of funds:  606 (+3.6%)
  • Amount contributed to funds:  $49,971,000 (+162.8%)

East Bay Community Foundation (Oakland):

  • Assets:  $43,577,221(-2.2%)
  • Amount distributed to charities:  $10,702,958 (+17.8%)
  • Number of funds:  192 (+1.1%)
  • Amount contributed to funds:  $10,118,183 (-3.0%)

Stanford University (Palo Alto):

  • Assets:  $28,000,000 (-12.5%)
  • Amount distributed to charities:  $16,600,000 (n/a)
  • Number of funds:  9 (+12.5%)
  • Amount contributed to funds:  $5,400,000 (-10.0%)

MyCFO Charitable Fund (Palo Alto):

  • Assets:  $22,206,795 (+14.3%)
  • Amount distributed to charities:  $6,448,261(+326.8%)
  • Number of funds:  22 (+10.0%)
  • Amount contributed to funds:  $3,320,200 (+50.8%)

Here are some interesting facts reported in "Donor-advised funds:  Gifts that keep on giving" from the November 11, 2005 edition of the San Francisco Business Times:

  • Peninsula Community Foundation (PCF):  Two-thirds of PCF’s assets are directed by donors.  PCF has become the second largest donor-advised program at a community foundation in the country.
  • East Bay Community Foundation (EBCF):  EBCF is the fastest growing community foundation in the region.  In 2004, EBCF opened four donor-advised funds, each with more than $10 million.