DAF (Donor-Advised Funds)

A Donor-Advised Fund (DAF) is a charitable giving account that allows donors to contribute funds, receive an immediate tax deduction, and then recommend grants to specific charities over time. Essentially, you donate assets into the fund, which is managed by a charitable organization. The funds can grow tax-free, and you retain advisory privileges to direct how the money is distributed later, offering flexibility and simplicity in charitable planning. DAFs are popular for strategic philanthropy, enabling donors to maximize impact while managing their giving efficiently.