Knowledge Center | Ask the Center

What questions should a donor, couple, or family ask their advisors before setting up a donor-advised fund?

Before opening a DAF, donor families should talk with their trusted professional advisors about the benefits and tax implications. Professional advisors might include the family CPA or attorney, financial or estate-planning advisors, heads of family offices, or professional philanthropic advisors. Read More
Knowledge Center | Ask the Center

What are sponsor organizations and what are the different types of sponsor organizations for donor-advised funds?

Today, there are an estimated 1,000 or more DAF sponsor organizations in the U.S. Broadly, these sponsor organizations fall into three types: community foundations, single-issue non-profits, and national non-profits (which include both commercial gift funds and noncommercial organizations) Read More
Knowledge Center | Ask the Center

What are donor-advised funds?

Think of a donor-advised fund as a personal philanthropy checking and savings account. An individual donor, couple, or family creates an account (a donor-advised fund) by transferring assets to a sponsor or sponsor organization, such as a community foundation, a religious federation, or a commercial gift fund. Read More