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 ?
A popular giving vehicle among affluent Americans is to give to a donor-advised fund.
When the dairy was sold in 1988, Jack and his wife, Pat, opened a donor-advised fund at the New Hampshire Charitable Foundation, kicking off decades of support to dozens of New Hampshire nonprofit organizations.
BANKING AND CREDIT NEWS-January 8, 2016-Bank of the West introduces new donor-advised fund
M2 EQUITYBITES-January 8, 2016-Bank of the West introduces new donor-advised fund
Global Banking News-January 7, 2016--Bank of the West launches new donor-advised fund
The key feature of a donor-advised fund lies in the following: "Once the donor makes the contribution, the organization has legal control over it.
If the latter is the case, you might suggest they consider a donor-advised fund (DAF).
Danforth has been appointed president of Fidelity CharitableA, an independent public charity with a donor-advised fund program.
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.
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.
In establishing a donor-advised fund, there are some basic guidelines to follow: