Donor Advised Fund
What is a donor advised fund?
A donor advised fund (DAF) provides donors with a centralized charitable giving vehicle. It allows inclined individuals, families, and corporations to make a charitable gift to a public charity that sponsors a DAF program and take an immediate tax deduction. Most sponsoring organizations of DAFs accept cash equivalents, securities, and certain other assets.
How does it work?
Establish your Donor Advised Fund by making an irrevocable, tax-deductible donation to a public charity that sponsors a DAF program. Advise the investment allocation of the donated assets (any investent growth is tax-free). Recommend grants to qualified public charities of your choice.