Donor Advised Fund


Also found in: Acronyms.

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 ?
sponsoring organization is that the donor advised fund will in operation
Those four donor advised funds, according to their federal Form 990 filings, have combined assets of more than $33 billion.
However, many other long-time pioneering Alaska families have all taken advantage of the secure services of ACF to develop their family legacies through donor advised funds, including the Hickel, Norton-Cruz, Kaplan-Sather, and Eliason families.
The first donor advised funds tended to have limited chokes, with only three or four choices, typically blended pools.
Example: A donor sets up a donor advised fund at a national charity that will be used to fund his family's reunion, pay the expenses associated with his spouse's hobby, and fund a "mission" for his 20-year-old twin daughters to spend the next year in Paris.
I support these two groups through my donor advised fund with the Homebuilding Community Foundation (HCF).Created by leaders of our homebuilding industry, HCF lets me direct my charitable giving my way, just as I always have--yet now it's easier, more effective and more tax efficient--so I give even more.
Though they have been around for quite some time, donor advised funds have recently been touted as a vehicle for the modern, and moderate, philanthropist.[11] In essence, a donor advised fund is just that.
Active in civil rights causes, she established a donor advised fund at the Metropolitan Atlanta Community Foundation and targeted social justice issues.
Donating appreciated securities to many charities can create paperwork headaches, though, so you might want to make those donations through a donor advised fund for the same tax benefit.
With an operating expense of $600, which is essentially what it costs to staff the shift, several groups -- including the Shrewsbury Education Association, Wegmans Northborough and the Olive & Anthony Borgatti Donor Advised Fund of the Greater Worcester Community Foundation -- donate enough to cover two Sundays during the season.
Outgoing grants from Fidelity CharitableA, an independent public charity with a donor advised fund program, to nonprofits reached record levels in 2013.
Johns Island Academic Scholarship fund is a donor advised fund through Vanguard Charitable that provides scholarships for strong academic students who demonstrate financial need in the Charleston, SC area.