Alphabet Soup: What is a DAF?

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What is a DAF?

DAF = Donor Advised Fund. These charitable funds are like having your own private foundation but without the legal hassle of setting it up yourself. The fund is managed by a nonprofit foundation or a financial institution. The DAF manager can advise you on which charities to donate to from the fund. DAF’s are flexible, have tax benefits and can make it easy to support causes. But there are fees and the value of the funds can fluctuate.

For a good overview of how DAFs work, watch this video

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