New Tool Helps Banking Providers Capitalize on Charitable Giving

In 2020, DAF providers saw a 50% increase in terms of the value of grants and the number of grants, according to Cor Hoekstra CEO and co-founder of Amicus, a DAF platform provider. Donor advised funds in the U.S. already hold $121 billion, and Hoekstra expects that amount to grow to over $1 trillion. Amicus has developed a cloud-based platform that retail banks and credit unions can use to let customers establish donor advised funds (DAFs) which can offer tax-advantaged giving.
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