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The surge in IPOs and valuations for private tech companies is creating a secondary boom in donations of shares to donor-advised funds, or DAFs, according to a new study.
Three quarters of the gifts to DAFgiving360 over the past 12 months were non-cash assets, according to the donor-advised fund, which is affiliated with Charles Schwab. Non-cash assets include everything from shares in public and private companies to real estate, art and collectibles, crypto and other holdings.
Julie Sunwoo, president of DAFgiving360, said gifts of private-company stock have been especially strong, as AI giants like Anthropic and OpenAI skyrocket in value and more companies stay private for longer.
“This year we had more inquiries about private-business interests and pre-IPO shares than ever before in any other year,” Sunwoo said.
DAFs have special appeal for tech workers and holders of…
