“Financial advisors are well positioned to help clients navigate the new giving landscape and utilize tax-smart giving strategies to maximize their charitable impact,” Schwab Charitable said. Seventy-five percent of donor-advised funds are associated with a professional investment advisor.
In addition to supporting crisis relief, donors continued to support other nonprofits. The most widely supported charities included Feeding America, Planned Parenthood, Doctors Without Borders, the Salvation Army and Campus Crusade for Christ. The most widely supported sectors were religion, human services, education and health, the report said.