What is a Donor Advised Fund?

A donor-advised fund (DAF) is a separately identified fund or account that is maintained and operated by a 501(c)(3) organization, which is called a sponsoring organization. It allows donors to make a charitable contribution, receive an immediate tax benefit, and then recommend grants from the fund over time. An easy way to think about a DAF is like a charitable savings account: a donor contributes to the fund as frequently as they like and then recommends grants to nonprofit organizations of their choice when they are ready. It is important to note that per the IRS, once the donor makes the contribution, the organization has legal control over the money. However, the donor retains advisory privileges with respect to the distribution of funds and the investment of assets in the account. Because the sponsoring organization retains such legal rights, it is important to partner with a sponsoring organization that aligns with your mission for charitable giving.

 

The Timshel Fund (Updated: July 2018)

Reports

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