Skip to content
Analysis

Support trusted local news and promote equity with DAFs.

By Kimberly Spencer

May 1, 2024

Graphic titled DAFs Empower Change for Local News with icons for Donors Contribute, Assets Grow and News Benefits

Donor-Advised Funds (DAFs) empower individuals to shape the philanthropic landscape. Tech journalist Jason Del Rey recognized the potential of DAFs when he leveraged his fund to support the launch of The Pivot Fund, and our work to strengthen BIPOCTM-led publishers in local communities. Del Rey’s action showcases the flexibility and strategic giving opportunities that DAFs offer.

Understanding Donor-Advised Funds (DAFs)

As stewards of significant philanthropic capital, holders of Donor-Advised Funds (DAFs) have a unique opportunity to shape the philanthropic landscape.  According to the National Philanthropic Trust’s 2022 DAF Report, DAFs currently manage approximately $228.89 billion in assets. Despite market fluctuations, contributions to and grants from these funds continue to grow, with disbursements increasing by 9% to a record $52.16 billion in 2022 This trend underscores the shift towards more strategic and flexible philanthropic giving, where DAF holders can play a pivotal role.

The Strategic Importance of BIPOCTM-Led Newsrooms

BIPOC-led news outlets are critical in advancing equity and justice through their coverage of systemic inequities and underreported stories. These organizations are essential for providing BIPOCTM communities with information that impacts their daily lives and facilitates substantial social change. By supporting these newsrooms, DAF holders can help dismantle barriers to information access and ensure a more diverse news and information landscape. This support is crucial, especially during election cycles, as these outlets offer vital, locally-relevant information that aids BIPOCTM communities in making informed decisions.

Maximizing Impact Through Your DAF

DAF holders have several ways to support BIPOCTM-led journalism. One impactful option is supporting organizations like The Pivot Fund, which is committed to investing $500 million in BIPOC-led organizations. Additionally, initiatives like #HalfMyDAF offer matching funds to encourage holders to mobilize critical resources. Here’s how your DAF contributions can make a difference:

  • Combatting Disinformation: Ensure that BIPOCTM communities receive accurate, factual information, particularly crucial during times of widespread misinformation.
  • Nurturing Civic Engagement: Encourage active participation in governance and policy-making, thereby strengthening democratic processes.
  • Driving Accountability: Support investigative journalism that exposes injustices and prompts societal and policy changes.

DAFs: A Tool for Sustained Social Impact

Despite the evolving economic landscape, DAF holders have consistently demonstrated a commitment to supporting crucial causes through sustained contributions. This consistent support not only aids nonprofits during challenging times but also solidifies the role of DAFs in promoting long-term social equity. As a DAF holder, your recommendations for grant allocations can lead to substantial impacts in the communities these funds serve.

A Call to Action for DAF Holders

If your philanthropic goals align with supporting BIPOC-led local journalism and fostering a more informed and equitable democracy, consider recommending allocations to initiatives like The Pivot Fund. Explore programs like #HalfMyDAF to potentially double the impact of your giving. 

Like Jason Del Rey, your influence as a DAF holder can catalyze significant change by funding organizations that elevate marginalized voices and provide essential tools for community empowerment and systemic reform. Through targeted support, your DAF can serve as a powerful instrument in creating a more equitable and just society.

Kimberly Spencer is the Chief Philanthropy Officer at The Pivot Fund. Her career as a Certified Fund Raising Executive is marked by her extensive expertise in leadership development, fundraising, community engagement, and marketing. Her significant role at The Pivot Fund highlights her dedication to fostering deep community connections and driving meaningful change.