What is a Donor-Advised Fund
A Donor-Advised Fund (DAF) is a philanthropic giving vehicle that enables donors to make a charitable contribution, receive an immediate tax deduction, and recommend grants from the fund over time. It offers a flexible and efficient way for individuals and families to manage their charitable giving.
Benefits of Donor-Advised Funds
Donor-Advised Funds provide several benefits, including simplified record-keeping, potential for tax-free growth of assets, and the ability to involve family members in philanthropic decisions. They also allow donors to support multiple charities over time without the administrative burden of managing a private foundation.
