A donor advised fund (DAF) is a charitable giving vehicle in which an individual or family makes a permanent contribution of personal assets to a public charity. Donors then advise the charity on how to use those funds.
Donor Advised Funds provide an immediate tax deduction and maximum tax benefit, while also enabling the donor to have ongoing and flexible involvement in how the monies are used. Talk with your financial advisor and charities to which you would like to make a significant contribution about whether a Donor Advised Fund is a realistic and helpful way for you to give.
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|Jennifer Mathes, Ph.D.|