Donor Advisor Fund

A Donor-Advised Fund (DAF) is a charitable giving vehicle that allows donors to contribute assets, receive an immediate tax deduction, and then recommend grants to their favorite charities over time. It functions like a personal philanthropic account, where the donor can donate cash, stocks, or other assets to the fund and then advise how and when the money should be distributed to nonprofit organizations.

DAFs provide a flexible way for donors to support multiple causes without the administrative burden of directly managing donations. Donors can grow the assets in the fund tax-free, allowing for potentially larger contributions to charities in the future. Managed by public charities or financial institutions, DAFs have become a popular option for individuals, families, and corporations seeking to maximize their impact while receiving immediate tax benefits.