A charitable giving account, held at a sponsoring organization, from which a donor recommends grants to nonprofits over time.
A donor-advised fund (DAF) is a giving account established at a sponsoring charity, such as a community foundation or the charitable arm of a financial firm. A donor contributes assets to the fund, may receive a tax benefit at the time of contribution, and then recommends grants to nonprofits from the fund over time.
For the receiving nonprofit, a DAF grant typically arrives from the sponsoring organization rather than directly from the individual, which can make it harder to identify and thank the original donor. Many DAF grants are also recorded as a soft credit to the advising individual so the relationship is preserved.
DAFs have become a significant share of charitable giving. The exact tax treatment depends on the assets contributed and the donor's situation, so donors should rely on their own tax advisor for specifics.
See it in Kindly
A way of crediting a donation to someone other than the legal donor of record, to preserve a relationship.
A large donation that is significant enough to warrant individualized cultivation and stewardship.
Charitable gifts arranged during a donor's lifetime but typically fulfilled later, often through an estate or will.
A donation that is matched, often by an employer, multiplying the impact of the original gift.
Manage donors, volunteers, members, and events together in one nonprofit platform, for one predictable subscription with no cut taken from donations.
