Charitably Inclined: Donor Advised Funds – December 2019
Since 1931, donor-advised fund (DAFs) have been offered by local community foundations and more recently have become available through numerous broker-sponsored charitable gift funds. They are something akin a marriage between a private foundation and a mutual fund.
Generally, a DAF is a separately identified fund or account that is maintained and operated by a section 501(c)(3) organization, which is called a sponsoring organization.