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 ?
Danforth has been appointed president of Fidelity CharitableA, an independent public charity with a donor-advised fund program.
This solution is made possible through an alliance with Crown Philanthropic Solutions, a provider of donor-advised fund technology.
The Taylors have joined other alumni, some fraternity and sorority groups, and a state grape growers association in choosing to channel their philanthropy through a donor-advised fund (DAF) account administered by Cornell.
A donor-advised fund is an alternative to directly giving to charities or creating private foundations.
The enhancements include the ability for donors to create a customized donor-advised fund that aligns to their personal giving strategies through an online portal.
You can really take almost anything that's appraisable and of value that is appreciated or capital gain if you sell it directly, and you can use that donation in a donor-advised fund and continue to be making gifts and supporting philanthropy where your cash might be a little bit tighter," said Hewitt.
Defines donor-advised fund as any fund or account that is separately identified by reference to the contributions of a donor or donors, owned and controlled by the sponsoring organization; and with respect to which a donor or person appointed by the donor has or reasonably expects to have advisory rights with respect to investments or distributions.
Bjorklund, Charitable Giving to a Private Foundation: The Alternatives, The Supporting Organization, and The Donor-Advised Fund, 27 EXEMPT ORG.
Donor-Advised Funds--With an irrevocable contribution to a donor-advised fund, you receive an immediate tax deduction.
BOSTON -- Outgoing grants and incoming contributions rose for the third and fourth consecutive year respectively for Fidelity Charitable, an independent public charity with a donor-advised fund program, making 2012 a record year for both measures of donor activity.
We re also happy to see more nonprofits are recognizing donor-advised fund donors in their appeals as they are exactly the type of active, committed givers nonprofits want to attract and retain.
11, 2013 /PRNewswire/ -- The 2013 Donor-Advised Fund Report, the most respected source for statistics on donor-advised funds (DAFs), details double-digit growth in assets and contributions in 2012.