The American Gift Fund was founded in 1998. The Fund was one of the earliest Donor Advised Funds approved by the US Internal Revenue Service.
The American Gift Fund received full 501 (C3) status in 2000.
The Board of Directors of the American Gift Fund established the fund with the two primary objectives:
- Improve the availability of philanthropic funds for charitable giving
- Reduce the cost of charitable giving
The American Gift Fund has continued to grow each year both in terms of accounts, contributions, and grants made. The Fund has continued to both encourage and make grants in excess of 18% of its funds.
In 2011 the American Gift Fund was able to establish a Board of Trustee Fund where the Board has the capability to make Board initiated grants. In 2012 this fund made it first grants to charitable organizations.