HUDSON, Ohio (PRWEB) July 02, 2019
American Endowment Foundation (AEF) today announced that its President & Co-founder, Tom Tobin, has retired from the organization. Tom co-founded AEF in 1993 as one of the first independent sponsors of donor advised funds (DAFs).
Under Tom’s leadership, AEF has grown significantly to become one of the largest independent donor advised fund sponsors in the US, with over $2.8 billion in AUM. In addition, AEF has granted over $1 billion in the last 10 years. AEF has begun to average $1 million per day in grants. In October 2018, The Chronicle of Philanthropy ranked AEF as the 6th largest DAF in the country.
Additionally, Tom’s wife Gail Tobin, current AEF VP-Treasurer, has also announced her retirement.
“It has been a privilege to lead AEF and to work with so many caring employees, generous donors, and their trusted advisors. Our efforts to encourage and facilitate charitable giving have resulted in generous support for good causes for nearly a quarter-century. I am certain that our legacy of furthering American charitable giving will continue,” stated Tom.
AEF will continue to be led by an Executive Management Team as it has been for the last several years.
About American Endowment Foundation:
AEF is based in Hudson, Ohio and has been the country’s leading independent donor advised fund sponsor since 1993. Donors contribute cash, stock, and illiquid assets to AEF for maximum tax advantage in support of their individual causes and charities. AEF receives contributions from over 7,000 donors residing in every state in the country.