Give from Your Donor Advised Funds
A Donor Advised Fund (DAF) is a type of giving program administered by a third party that allows you to combine the most favorable tax benefits with the flexibility to easily support your favorite charities.
It is created for the purpose of managing charitable donations on behalf of an organization, family or individual. DAFs are an excellent way to both simplify your charitable giving and facilitate your strategic philanthropic goals.
DAFs allow donors to make gifts of cash, stock and other assets to the DAF. The donor receives an immediate tax deduction when the contribution is made. However, distributions from the DAF are not required immediately. Donors may take time to discern and select grants of specified amounts to the charities of their choice before advising their DAF administrator to make a gift to their charity.
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