According to CNBC, the surge in IPOs and valuations for private tech companies is driving more donations of shares to donor-advised funds, or DAFs, according to a new study. DAFgiving360, which is affiliated with Charles Schwab, said three-quarters of the gifts it received over the past 12 months were non-cash assets, and president Julie Sunwoo said gifts of private-company stock have been especially strong as AI companies such as Anthropic and OpenAI rise in value and more firms stay private longer. Sunwoo said she has received more inquiries this year about private-business interests and pre-IPO shares than in any previous year. The fund said DAFs let donors make a charitable gift, receive an immediate tax deduction and later decide where to direct the shares, while also avoiding capital gains tax on appreciated stock. Sunwoo said DAFs typically aim to sell non-cash assets within six months and noted that SpaceX's IPO earlier this year, along with potential IPOs of Anthropic and OpenAI, could unlock additional value for tech workers with large equity stakes.