1 National Philanthropic Trust, “2024 Donor-Advised Fund Report,” August 2025.
2 Bloomberg, 3-year returns for the MSCI World Selection Index were 22.54% annually, while the MSCI World Index returned 22.27% annually (10/31/2022-10/31/2025). 5-year returns for the MSCI World Selection Index were 16.12% annually, while the MSCI World Index returned 16.14% annually (10/31/2020-10/31/2025). 7-year returns for the MSCI World Selection Index were 14.42% annually, while the MSCI World Index returned 14.09% annually (10/31/2018-10/31/2025). 10-year returns for the MSCI World Selection Index were 12.44% annually, while the MSCI World Index returned 12.40% annually (10/31/2015-10/31/2025).
3 BofA Global Research. December 2024.
4 American Endowment Foundation, “5 Primary Tax Benefits to Donors” May 2024 (latest data available).
5 FoundationSource, Charitable Deductions – Private Foundations & Donor-Advised Funds, 2025.
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