
Paul L. Caron
Dean
Pepperdine Caruso
School of Law

In 2024, contributions to donor-advised funds accounted for 22.8% of individual giving, and total assets in DAFs stood at more than $326 billion—almost double the assets in DAFs in 2020. Market returns explain some of this change, but new money also plays a role. And DAFs may have even more appeal after the One Big