What is a donor-advised fund? A donor-advised fund (DAF) is a type of giving program that allows you to combine the most favorable tax benefits with the flexibility to easily support your favorite charities.

What are the main advantages of a donor-advised fund?

Simplicity – The DAF sponsor handles all record-keeping, disbursements, and tax receipts.

Flexibility – Timing of your tax deduction can be separate from you charitable decision making.

Tax-efficiency – Contributions are tax-deductible and any investment growth in the DAF is tax-free.

Family Legacy – A DAF is a powerful way to build or continue a tradition of family philanthropy.

No start-up costs – There is no cost to establish a donor-advised fund. However, there are often minimum initial charitable contributions to establish the DAF (typically $5,000 or more)**

No transaction fees – Once approved, 100% of your recommended grant goes to your qualified public charity of choice.**

Privacy if desired – Donors may choose to remain anonymous to the grant recipient.

**Sponsoring organizations generally assess an administrative fee.