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2018 Annual Report

Assets

Our assets are held in charitable funds established by donors with unique charitable goals and interests. Nearly half of our assets are held in donor-advised funds. This chart shows our total assets as of December 31, 2018.

*Other may include charitable gift annuities, charitable remainder trusts, unrestricted funds and administrative funds.

Contributions

Donors contributed more to their charitable funds in 2018 than in any other year in our history, donating $582 million in cash, publicly traded securities and complex assets.

*Other may include charitable gift annuities, charitable remainder trusts, unrestricted funds and administrative funds.

Grants

Donors use their charitable funds to grant to their favorite causes. In 2018, donors reached a major milestone, granting more than $4 billion to charities since our founding in 1978.

*Other may include charitable gift annuities, charitable remainder trusts, unrestricted funds and administrative funds.

Funds

Donors established 427 new charitable funds in 2018 – more than ever before. Most new donors chose donor-advised funds as their preferred giving vehicle. This chart shows our total funds as of December 31, 2018.

*Other may include charitable gift annuities, charitable remainder trusts, unrestricted funds and administrative funds.

Transactions include contributions into charitable funds and grants out of charitable funds.

Donor-Advised Funds

Donors use donor-advised funds as a separate account for their charitable dollars, and they typically make all their charitable donations through their fund. Donor-advised funds have been around since the 1930s and are now the fastest growing charitable giving vehicle in the U.S.

From coast to coast and throughout the Midwest, our donors use their donor-advised funds to support their favorite charities.

Our combined donor-advised fund payout rate, which is the ratio between grants and assets, was 16% in 2018.

Our combined donor-advised fund flow rate, which is the value of grant dollars leaving donor-advised funds in relation to contributions to donor-advised funds, was 91% in 2018.

Agency Funds

An agency fund is set up by a charity, to benefit only that charity.

Supporting Organizations

Supporting organizations are affiliated charitable organizations. They operate under their own legal entity and may have their own board of directors, programs and staff.

Field-Of-Interest Funds

Field-of-interest funds support a specific cause or community. Many of our field-of-interest funds are set up to carry out a donor's legacy after they pass, with an advisory committee providing oversight.

Designated Funds

Designated funds support one specific charity, staggering donations to the charity over time. Designated funds are especially popular with donors who choose to make a charitable distribution from an IRA.

Scholarship Funds

Through scholarship funds, donors provided $3.3 million in direct assistance to more than 2,000 students for the 2018-19 school year.

Donors who establish scholarship funds determine the criteria for their scholarship awards. They may also choose to serve on the selection committee.

Corporate Giving

We work with employers of all sizes who want to cultivate a corporate culture of giving. Many companies choose to set up corporate donor-advised funds to serve as their corporate foundations. We offer a suite of services including matching gift programs, disaster relief and employee hardship programs, and strategic planning assistance.

In 2018, more than 3,000 employees used their employers' matching dollars to donate nearly $6 million to their favorite charities.

Grantmaking Services

In 2018, 30 local and national funders tapped into our grantmaking expertise. We take a custom, behind-the-scenes approach with each of our grantmaking clients. Collectively, they hold nearly $350 million in assets.

We help private foundations, businesses and other funders manage all aspects of their charitable giving by equipping them with the tools and resources they need to make an impact. Grantmaking clients also work with us to hone their giving strategies and engage multiple generations in their philanthropy.

Investments

Assets in charitable funds are invested and grow tax-free. Donors can customize their funds' investments to meet their charitable goals.

We currently work with more than 350 financial advisors who manage their clients' charitable assets.

About Our 2018 Annual Report

Assets, funds and investments are as of December 31, 2018.

Percentages may not total 100 due to rounding.

Financials are subject to change upon completion of 2018 audit and appraisals.