A donor advised fund (DAF) is a charitable account administered by a sponsoring nonprofit organization, or “sponsor,” for the purpose of supporting the charities you care about most. When you contribute to a DAF, you receive an immediate tax deduction and the flexibility to recommend grants to your favorite charitable organizations over time. As the person who can recommend how the sponsor distributes grants from your fund, your role is referred to as the “advisor.”
Giving from A Donor Advised Fund
