Common
Donor-advised fund
Charitable giving vehicle
Donor-advised fund
In the United States, a donor-advised fund (DAF) is a charitable giving vehicle administered by a public charity created to manage charitable donations on behalf of organizations, families, or individuals. To participate in a donor-advised fund, a donating individual or organization opens an account in the fund and deposits cash, securities, or other financial instruments. They surrender ownership of anything they put in the fund but retain advisory privileges over how their account is invested, and how it distributes money to charities. Use of a donor-advised fund is a legal form of tax avoidance.
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