Donor Advisory Funds

A donor-advised fund (DAF) is a charitable giving vehicle administered by a public charity, community foundation, or financial institution. Donors contribute to the fund and can then recommend grants to qualified charitable organizations over time. It allows individuals, families, or organizations to make a charitable contribution, receive an immediate tax deduction, and then recommend grants from the fund to qualified charities at their own pace. It's like having a charitable savings account, offering flexibility and convenience in managing charitable giving.