Donor Advised Fund


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Donor Advised Fund

A way to structure a charity in which a third party manages the funds donated and gives them to the organization at the request of the donor. That is, a philanthropist (or a family or a foundation) may set up a donor advised fund and direct money to any of a number of organizations. A donor advised fund is a relatively inexpensive way to set up charitable donations while allowing the maximum amount of flexibility for the donor.
References in periodicals archive ?
NEW YORK, April 22, 2015 /PRNewswire/ -- Jewish Communal Fund(JCF), an independent public charity that facilitates charitable giving for more than 6,000 fund holders through donor advised funds, enables its fund holders to invest their charitable assets in mission-aligned investment vehicles.
In these cases, FJC's donors may use assets in their donor advised funds to secure loans to nonprofit organizations about which they care and whose credit cannot stand by itself.
507-2(a)(8) to determine whether a donor has retained so much control that a donor advised fund should be denied public charity status and instead be subjected to the private foundation regulatory scheme.
7, 2012 /PRNewswire/ -- Since being established in 2000, the Renaissance Charitable Foundation (RCF) has steadily grown to become a leader in the Donor Advised Fund (DAF) arena.
Using the Web-based platform, McGlaughon said, a financial adviser meeting with a client in a Merrill Lynch office will be able to download and print out documents creating a donor advised fund.
But for nonprofits orchestrating donor advised funds, a significant portion of the expense pie includes the amount of grant dollars that were issued, during the year.
Nonprofits that offer such options to assist donors with giving for multiple purposes within the organization and/or with giving to other outside organizations as well may be less likely to lose their donors who are in search of the diversity and service offered by other donor advised fund institutions.
CAFAmerica announced in December 2009 that Columbia/Epic, a label group of Sony Music Entertainment, opened a Donor Advised Fund for the purpose of donating royalties from Bob Dylan's new Christmas album, "Christmas In The Heart," to make possible grants to Crisis, one of the UK's leading national charities dedicated to ending homelessness by delivering life-changing services and campaigning for change.
21 /PRNewswire-FirstCall/ -- CAFAmerica announced today that it will partner with Nike on a new Donor Advised Fund (DAF) to distribute proceeds from an ongoing eBay auction of newly developed Nike Pro Combat football gear from the nation's top 10 NCAA university football programs.
The UBS Donor Advised Fund distinguishes itself by the types of assets that can be accepted, the breadth of its investment options, and the global scope of grant opportunities for donors.
Donors, advisors, attorneys and others considering whether to avail themselves of donor advised funds, establish a private foundation or use a combination of charitable vehicles to meet their philanthropic goals, are invited to participate.
org) an innovative provider of charitable technology and services for the financial and nonprofit communities, is pleased to announce it has been selected to support the American Bar Endowment Charitable Gift Fund, a donor advised fund (DAF) program sponsored by the American Bar Endowment (ABE), a charitable affiliate of the American Bar Association.