Donor advised funds: an important new player in the fundraising sector
Danielle Vance-McMullen and Daniel Heist, 2021
Donor-advised funds (DAFs) are the fastest growing form of philanthropy in the United States, and they are changing the way many donors give to charity. Donor-advised funds are unusual because, although the assets are managed by institutions like community foundations, DAF giving decisions are essentially made by individual donors.
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DAFs function like a charitable checking account. Donors open a fund (or account) by making tax-deductible contributions to a DAF sponsor, a 501(c)(3) public charity that holds and manages the funds [similar frameworks exist in Canada, the EU and UK]. Donors then ...
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