Report // Analysis of Donor Advised Funds from a Community Foundation Perspective
As a leadership organization that puts equity at the center and is committed to creating space for reflective conversation, the Council of Michigan Foundations (CMF) continues to ask: Have the market forces and growth in philanthropy — and growth in Michigan philanthropy, specifically — changed enough to warrant an increase in the 5% rule for private foundations?
In 2020, CMF partnered with the Johnson Center and Plante Moran Financial Advisors to deepen and expand past research exploring the 5% payout rate to help answer this question, building on the learnings of previous studies they’ve commissioned over the past 20 years.
In June 2021, CMF partnered with us once again to launch the Analysis of Donor Advised Funds from a Community Foundation Perspective, phase three of the payout rate research series, focusing on the payout rates of DAFs within the context of the philanthropic sector, specifically the payout rates of DAFs administered by Michigan community foundations.