What is a donor-advised fund,
and how does it work?
A donor-advised fund (DAF) is like a charitable investment account for the sole purpose of supporting charitable organizations of your choice.
When you contribute assets such as cash or securities to a donor-advised fund you are generally eligible to take an immediate tax deduction. Then those funds can be invested for tax-free growth, and you can recommend grants to IRS-qualified public charities of your choice.
Donor-advised funds can help you support the causes you care about while potentially receiving tax deductions for your contributions.
You want your charitable donations to be as effective as possible when you give. Donor-advised funds are the fastest-growing charitable giving vehicle in the United States because they are one of the easiest and most tax-advantageous ways to give to charity.
Not sure if a donor-advised fund is for you?
Should I use a donor advised fund when giving to charities? Use this downloadable PDF to lead your decision. Have questions or want to set up a donor-advised fund? Reach out to us on the form below!