A donor advised fund (DAF) is a charitable giving vehicle that allows you to make a contribution today, receive an immediate tax deduction, and then recommend grants to your favorite charities over time. Think of it as a charitable investment account: You fund it now and get the tax benefit immediately. You direct the giving later as charitable needs arise. Assets grow tax-free while awaiting distribution. The sponsoring organization (such as a community foundation or other qualified sponsor) legally owns the assets, but you maintain advisory privileges over investment choices and grant recommendations.
Understanding Donor Advised Funds
