DONOR ADVISE FUND (DAF)

General information A Donor-Advised Fund (DAF) is a charitable giving account established at a sponsoring organization. It allows donors to contribute assets, receive an immediate tax deduction, and recommend grants to qualified charities over time. While the sponsoring organization legally owns and controls the fund, donors retain advisory privileges over grant distributions and investment strategies. With a bunching strategy, contributions to a DAF are tax-deductible only if you itemize deductions (using IRS Schedule A).